The news that Paramount Global will settle Donald Trump’s 60 Minutes lawsuit for $16 million certainly did not come as a shock to staffers at CBS News. For months, there has been a great deal of consternation and even resignation at the prospect of a settlement and the impact that it would have on the news division.

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.

US media company Paramount Global has agreed to pay $16 million (£13.5m) to settle a legal dispute with US President Donald Trump regarding an interview it broadcast on CBS with former Vice President Kamala Harris.