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Paramount Agrees to Pay $16 Million to Trump Library in Defamation Settlement

Paramount’s move to publish future ’60 Minutes’ transcripts aims to smooth regulatory approval for its pending Skydance Media merger.

Overview

  • Paramount will pay $16 million to Donald Trump’s future presidential library to end his lawsuit over a CBS60 Minutes’ interview with Kamala Harris.
  • The agreement contains no apology and Paramount insists it did not misleadingly edit the Harris segment.
  • Under the settlement, CBS will release verbatim transcripts of all future ’60 Minutes’ interviews with presidential candidates.
  • This deal follows similar multimillion-dollar settlements with ABC News and Meta, raising concerns about pressures on journalistic independence.
  • Observers say the concession is designed to bolster Paramount’s case for U.S. approval of its proposed $8 billion Skydance Media merger.