00:00Paramount Global, parent of CBS News, has agreed to a $16 million settlement with President Trump over his defamation-style lawsuit alleging a 60-minute interview with then-Vice President Kamala Harris was deceptively edited, a claim the network strongly denies.
00:17The payment settlement will go toward Trump's future presidential library and legal fees, with no apology or admission of wrongdoing from Paramount.
00:25As part of the deal, Paramount has committed to releasing full transcripts of future presidential candidate interviews from 60 Minutes, subject to necessary redactions.
00:36The resolution arrives amid internal media backlash and ahead of Paramount's pending merger with Skydance Media, fueling concerns about press independence and the precedent set by yielding to high-profile legal pressure.
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