CBS pays the price
CBS News did nothing wrong. But its parent company still paid the price.
That’s the moral of the Paramount settlement story. And it’s a story that keeps repeating itself in the Trump era.
Just a few minutes before midnight ET, Paramount confirmed that it is paying $16 million to make Trump’s legally dubious “60 Minutes” lawsuit go away.
Paramount did not agree to any apology — which was a major point of tension. But it did agree to help fund Trump’s future presidential library. Overall, a plugged-in CBS News staffer told me, reflecting what I’ve heard from numerous others, “this is a very sad moment for ‘60 Minutes,’ CBS News and journalism.”
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