CBS parent company Paramount Global will pay President Donald Trump $16 million to settle a lawsuit over edits to an October interview conducted with then-Vice President Kamala Harris, his opponent in 2024.

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.

It was the latest concession by a media company to a president who has targeted outlets over what he describes as false or misleading coverage.