U.S. President Donald Trump said CBS parent company Paramount paid US$16-million on Tuesday as part of a lawsuit settlement.
Paramount earlier this month agreed to settle a lawsuit filed by Trump over an interview on CBS’s 60 Minutes with former vice-president Kamala Harris that the network broadcast in October.
Paramount needs approval from the Federal Communications Commission for its US$8.4-billion merger with Skydance Media. The FCC did not make a decision by the 180-day informal deadline in mid-May and FCC Chair Brendan Carr has denied Trump’s lawsuit was a factor.
Paramount could not immediately be reached for comment.
Trump and CBS formally agreed on Tuesday to the dismissal of his lawsuit, according to a court filing.
“We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount... Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners,” Trump said in a post on Truth Social.