Paramount has agreed to settle President Trump's lawsuit over a "60 Minutes" interview with Kamala Harris for $16 million, the company announced late Tuesday.

The New York Post reported on July 2 that Paramount Global agreed, as part of its settlement in the president’s lawsuit against CBS’ 60 Minutes over an interview with former Vice President Kamala Harris, to run between $15 million and $20 million worth of pro-Trump ads across its networks once it is acquired by David Ellison’s Skydance Media.

Paramount Global's decision to pay $16 million to settle a lawsuit brought by Donald Trump against '60 Minutes' and CBS News, worries staffers