Paramount paid Trump $16M, settling his lawsuit

Paramount Global agreed to pay President Trump $16 million to settle his lawsuit over a CBS News "60 Minutes" interview, averting a potential crisis for the company. The settlement allows Paramount to focus on its pending sale. The deal involved months of negotiations, with Trump initially demanding $20 billion. The settlement included payment for Trump's legal fees and a contribution to his presidential library, while Paramount avoided an apology. The settlement was crucial for Paramount's sale to Skydance Media, which faced potential government approval issues. The deal also included a provision for "60 Minutes" to release interview transcripts.