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,

Former CBS anchor criticized Paramount's $16 million Trump settlement over "60 Minutes" editing claims, arguing the network "did nothing wrong" and shouldn't have yielded to pressure.

"It’s a sad day for journalism," he told the outlet. "It’s a sad day for 60 Minutes and CBS News. I hope people will read the details of this and understand what it was. It was distortion by the President and a kneeling down and saying,