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.

Former CBS News anchor Dan Rather has spoken out about the settlement reached by the network's parent company with President Donald Trump. He was 'disappointed,' but 'wasn't surprised.'