Paramount to Pay Trump $16 Million to Settle ‘60 Minutes’ Lawsuit

Paramount said late Tuesday that it has agreed to pay President Trump $16 million to settle his lawsuit over the editing of an interview on the CBS News program “60 Minutes,” an extraordinary concession to a sitting president by a major media organization.

Paramount said its payment includes Mr. Trump’s legal fees and costs and that the money, minus the legal fees, will be paid to Mr. Trump’s future presidential library.

As part of the settlement, Paramount said that it had agreed to release written transcripts of future “60 Minutes” interviews with presidential candidates. The company said that the settlement did not include an apology.

The deal is the clearest sign yet that Mr. Trump’s ability to intimidate major American institutions extends to the media industry.