Paramount has agreed to pay $16 million to settle a lawsuit in which President Donald Trump alleged that an interview with Kamala Harris, his Democratic opponent for the presidency, that aired on CBS’ “60 Minutes” last year was deceptively edited.

CBS' parent company will pay $16 million to President Trump over a “60 Minutes” episode aired last fall, during the closing weeks of the election

Paramount said Tuesday it would allocate $16 million to Trump's future presidential library and his legal fees and costs.