CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall.

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.

President Trump said he expects to receive $20 million in advertising and programming from Paramount's $16 million "60 Minutes" settlement.

Paramount told media outlets the money will go to Trump’s future presidential library, not to the president himself. It said the settlement did not involve an apology.

Paramount Global opted to write a $16 million check to President Donald Trump rather than fight what it had called a 'meritless' lawsuit.

President Trump had filed a $20-billion lawsuit claiming a ‘60 Minutes' interview with then-Vice President Kamala Harris was manipulated to show her in a flattering light. Trump alleged the news interview was 'election-threatening.

Trump reached a $16 million settlement with Paramount after suing CBS News over a “60 Minutes” interview with Kamala Harris.

CBS News named Tanya Simon the new executive producer of “60 Minutes,” making her just the fourth executive to lead the program in its nearly 60 years on air and the first woman to do so. She takes the reins of the show at a tumultuous time,