Paramount has agreed to pay $16 million to settle a lawsuit brought by President Donald Trump that had alleged an interview that aired on CBS’s “60 Minutes” last year with Kamala Harris, his Democratic opponent for the presidency, was deceptively edited.

Donald Trump's $20 billion lawsuit against CBS over a 60 Minutes interview with Kamala Harris is nearing resolution as both parties engage in advanced settlement talks. Trump alleges the interview was deceptively edited,

Paramount said it would pay $16 million to settle the lawsuit, with the money allocated to Donald Trump's future presidential library.