Paramount, CBS settle lawsuit with President Trump, awarding him millions of dollars

Sources close to the situation say that CBS has agreed to update its editorial standards to install a mandatory new rule. Going forward, the network will promptly release full, unedited transcripts of future presidential candidates’ interviews. People involved in the settlement talks have referred to this as the "Trump Rule."

The lawsuit alleged CBS News deceitfully edited an exchange Harris had with "60 Minutes" correspondent Bill Whitaker, who asked her why Israeli Prime Minister Benjamin Netanyahu wasn't "listening" to the Biden administration. Harris was widely mocked for the "word salad" answer that aired in a preview clip of the interview on CBS' "Face the Nation."

However, when the same question aired during a primetime special on the network, Harris had a different, more concise response. Critics at the time accused CBS News of deceitfully editing Harris' "word salad" answer to shield the Democratic nominee from further backlash leading up to Election Day.

The raw transcript and footage released earlier this year by the FCC showed that both sets of Harris' comments came from the same response, but CBS News had aired only the first half of her response in the "Face the Nation" preview clip and aired the second half during the primetime special.

CBS News had long denied any wrongdoing and stood by the broadcast and its reporting.

Paramount and Trump’s legal team had agreed to mediation designed to help the sides reach a settlement. It was widely believed that Paramount Global controlling shareholder Shari Redstone wanted to settle the suit ahead of a planned multi-billion-dollar merger with Skydance Media in hopes of preventing potential retribution by Trump's FCC, which has the authority to halt the transaction.