Paramount, CBS forced to pay eight figures, change editorial policy in settlement with President Trump

Result of the agreement on lawsuit could reach north of $30 million with $16 million upfront

By Brian Flood , Joseph A. Wulfsohn Fox News

FIRST ON FOX – Paramount Global and CBS agreed on Tuesday to pay President Donald Trump a sum that could reach north of $30 million to settle the president’s election interference lawsuit against the network. 

Trump will receive $16 million upfront. This will cover legal fees, costs of the case, and contributions to his future presidential library or charitable causes, to be determined at Trump’s discretion. 

There is an anticipation that there will be another allocation in the mid-eight figures set aside for advertisements, public service announcements, or other similar transmissions, in support of conservative causes by the network in the future, Fox News Digital has learned. With these considerations, CBS would pay well in excess of the $15 million ABC paid Trump to settle a defamation lawsuit last year. Current Paramount management disputes the additional allocation.