Paramount settles with Trump for $16m over ‘60 Minutes' Kamala Harris interview
Paramount said it would pay $16m to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump 'directly or indirectly'.
'The settlement does not include a statement of apology or regret,' the company statement added.
Trump filed a $10bn lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its 60 Minutes news program with then-vice-president and presidential candidate Kamala Harris to 'tip the scales in favor of the Democratic party' in the election. In an amended complaint filed in February, Trump increased his claim for damages to $20bn.
CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in a federal court in Texas.
CBS previously said the lawsuit was 'completely without merit' and had asked a judge to dismiss the case.
The White House did not immediately respond to a Reuters request for comment. Edward A Paltzik, a lawyer representing Trump in the civil suit, could not be immediately reached for comment.
Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future US presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment.
The case entered mediation in April.
Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce.
The settlement comes as Paramount prepares for an $8.4bn merger with Skydance Media, which will require approval from the US Federal Communications Commission.
On the campaign trail last year, Trump threatened to revoke CBS's broadcasting licence if elected.
He has repeatedly lashed out against the news media, often casting unfavourable coverage as 'fake news'.
The Paramount settlement follows a decision by Walt Disney-owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on 14 December, the network donated $15m to Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape.
It also follows a second settlement by Facebook and Instagram parent company Meta Platforms, which on 29 January said it had agreed to pay about $25m to settle a lawsuit by Trump over the company's suspension of his accounts after the 6 January 2021 attack at the US Capitol.
Trump has vowed to pursue more claims against the media.
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