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Trump says received $16 million payment after Paramount lawsuit settlement

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(Reuters) -U.S. President Donald Trump said CBS parent company Paramount paid $16 million on Tuesday as part of a lawsuit settlement and that he expects to receive $20 million more.

Paramount earlier this month agreed to settle a lawsuit filed by Trump over an interview with former Vice President Kamala Harris that the network broadcast in October.

“We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount… Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners,” Trump said in a post on Truth Social.

(Reporting by Ryan Patrick Jones and Bhargav Acharya in Toronto;)

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