CNN —
CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall.
The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night.
Paramount said the $16 million sum “includes plaintiffs’ fees and costs,” and will not be paid to Trump directly, but instead will be allocated to Trump’s future presidential library — mirroring a settlement agreement that Disney’s ABC struck with Trump last December.
“The settlement does not
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