In a case seen as a challenge to free speech, Paramount has agreed to pay $16 million to settle a lawsuit filed by President Donald Trump over the editing of CBS' "60 Minutes" interview with then-Vice President Kamala Harris in October.
Paramount told media outlets the money will go to Trump's future presidential library, not to the president himself. It said the settlement did not involve an apology.
Trump's lawyer said the president had suffered "mental anguish" over the editing of the interview by CBS News, while Paramount and CBS rejected his contention that it was edited to enhance how Harris sounded. They had sought to get Trump's lawsuit dismissed.
There was no immediate word from the White House about the settlement of the case, which Trump filed in Amarillo, Texas.
The case has been closely watched by advocates for press freedom and by journalists within CBS, whose lawyers called Trump's lawsuit "completely without merit" and promised to vigorously fight it after it was filed.
In early February, "60 Minutes" released a full, unedited transcript of the interview.
Under the settlement reached with help of a mediator, Paramount agreed that "60 Minutes" will release transcripts of future interviews of presidential candidates, "subject to redactions as required for legal and national security concerns," CBS News cited the statement as saying.
Trump, who did not agree to be interviewed by "60 Minutes" during the campaign, protested editing where Harris is seen giving two different answers to a question by the show's Bill Whitaker in separate clips aired on "60 Minutes" and "Face the Nation" earlier in the day. CBS said each reply came within Harris' long-winded answer to Whitaker, but was edited to be more succinct.
The president's lawyer, Edward Andrew Paltzik, said that caused confusion and "mental anguish," misleading voters and causing them to pay less attention to Trump and his Truth Social platform.
Paramount and controlling shareholder Shari Redstone were seeking the settlement with Trump, whose administration must approve the company's proposed merger with Skydance Media. CBS News President and CEO Wendy McMahon and "60 Minutes" executive producer Bill Owens, who both opposed a settlement, have resigned in recent weeks.
The Freedom of the Press Foundation, a media advocacy group that says it is a Paramount shareholder, has said that it would file a lawsuit in protest if a settlement was reached.
In December, ABC News settled a defamation lawsuit by Trump over statements made by anchor George Stephanopoulos, agreeing to pay $15 million toward Trump's presidential library rather than engage in a public fight. Meta reportedly paid $25 million to settle Trump's lawsuit against the company over its decision to suspend his social media accounts following the Jan. 6, 2021, riot at the U.S. Capitol.
