CBS News veteran Dan Rather spoke out against Paramount's decision to settle a $10 billion lawsuit between President Donald Trump and CBS News. He referred to the company's $16 million settlement as a 'sad day for journalism,

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 Global is being hammered for bowing to presidential pressure and settling a lawsuit that it likely could have beaten in court.