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.

Paramount has reached an agreement in principle to settle Donald Trump's lawsuit against "60 Minutes," including a $16 million payment that will not directly go to the president and an provision in which the show will immediately release transcripts with presidential candidates immediately after they have aired.

President Trump and CBS are in 'advanced' settlement talks in the '60 Minutes' lawsuit, as the parties sought an extension on filings to July 3.