Trump's legal team lauded the agreement as a win for media accountability. But experts are concerned for the free press.

The move comes as a striking concession in a case that has been seen as a threat to bedrock American principles of free speech.

CBS parent company Paramount Global’s widely panned decision to settle with President Donald Trump in his lawsuit against 60 Minutes brought one of its most esteemed correspondents to tears. During a Zoom meeting with 60 Minutes staff on Wednesday—just hours after Paramount announced it had settled with Trump for $16 million—correspondent Bill Whitaker appeared “teary-eyed” as he spoke about the show,