In both cases, the money will be paid not to Trump himself, but to a future presidential library. Paramount will also pay Trump’s legal fees, and as part of the settlement, CBS will release transcripts of presidential candidates’ interviews on “60 Minutes.”

The move comes as a striking concession in a case that has been seen as a threat to bedrock American principles of free speech.Paramount Global, the parent company of CBS News, has agreed to pay $16 million to settle a legal dispute with President Donald Trump over the editing of a 60 Minutes interview with then-Vice President Kamala Harris last October.

CBS News’s parent company, Paramount Global, announced Tuesday it will pay President Donald Trump $16 million to settle his lawsuit over edits made to a 60 Minutes interview with former Vice President Kamala Harris during her presidential campaign.