Paramount said it agreed to pay Trump’s legal fees. The remainder of the $16 million settlement will go toward his future presidential library. But the beleaguered company behind “Mission: Impossible” and “Yellowstone” mustered victories, withstanding the Trump team’s earlier demand for a $100 million payout, the knowledgeable sources said.

Trump had filed a $20 billion defamation suit against Paramount’s CBS subsidiary, alleging that “60 Minutes” deceptively edited an interview with Trump’s opponent that aired in the run-up to the presidential election.

Paramount Global has reached a settlement with Donald Trump in his lawsuit against CBS News, clearing a path for the media company’s long-delayed merger with Skydance Media. The settlement, announced near midnight Tuesday on the East Coast,