Film giant Paramount Global reached a settlement with U.S. President Donald Trump, who sued CBS News for $20 billion over editing of a 60 Minutes interview with his Democratic opponent, then-Vice President Kamala Harris.

Paramount Global will pay $16 million to settle President Trump's lawsuit over 60 Minutes' interview with former Vice President Kamala Harris — a lawsuit that many legal experts considered spurious.

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.