Overview

• Paramount finalized a $16 million settlement covering President Trump’s legal fees and funding his future presidential library to end his amended $20 billion lawsuit
• No money will be paid directly to President Trump under the agreement negotiated through mediation
• As part of the deal, CBS News will release transcripts of future interviews with eligible U.S. presidential candidates after they air, subject to legal or security redactions
• The settlement drew rebukes from CBS News staff, press-freedom groups and Democratic senators who warned it sets a dangerous precedent for editorial independence
• The agreement is widely viewed as essential for winning FCC approval of Paramount’s pending merger with Skydance Media