Paramount Global has settled a lawsuit with Trump by agreeing to pay $16 million to his foundation, which will be used for his future presidential library. The settlement involves the payment of Trump's legal fees and requires 60 Minutes to release interview transcripts with presidential candidates, possibly redacted for legal reasons. The lawsuit claimed election interference regarding editorial choices, a stance viewed as unfounded by legal experts. The deal led to the resignation of CBS News executives, aiming to preserve independent reporting.
As part of the settlement, Paramount also agreed that 60 Minutes will release transcripts of interviews with presidential candidates in the future, although they may be redacted due to legal or national security concerns.
Legal observers spanning the ideological spectrum say Trump's lawsuit spuriously alleges election interference over the kind of discretionary editorial choices that routinely confront broadcast journalists.
The settlement represents a bitter blow to CBS News and its crown jewel 60 Minutes not for what it broadcast or reported, but for a deal struck by corporate executives many layers above them.
Each ultimately resigned this spring, saying their departures would smooth a path for the program and the news division to continue independent-minded reporting.
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