Paramount settles with Trump for $16m over ‘60 Minutes’ Kamala Harris interview

Paramount agreed to pay $16m to Trump’s future library or other cause, but not to him, but made no apology

Donald Trump has reached a $16m settlement with Paramount, the parent of CBS News, over what he claimed was false editing of a pre-election interview with the Democratic candidate for president, Kamala Harris, in what is likely to be seen as a further example of capitulation by media companies hoping to smooth the waters with Trump.

Trump had filed a $10bn lawsuit against the company in October, one of a string of legal actions against US media conglomerates over what the US president maintains was biased, incorrect or “fake” news reporting.

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