CBS News anchor swipes at parent company for settling Trump lawsuit ‘it said is without basis in law and fact’ - ‘Can you hold power to account after paying it millions? Can an audience trust you when it thinks you’ve traded away that trust?

The news that Paramount Global will settle Donald Trump’s 60 Minutes lawsuit for $16 million certainly did not come as a shock to staffers at CBS News. For months, there has been a great deal of consternation and even resignation at the prospect of a settlement and the impact that it would have on the news division.

The money will go to Trump’s future presidential library, not to him directly, according to the agreement. Paramount will not apologize as part of the settlement.