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.

The high-stakes deal that came together this week resulted from months of back-and-forth among a constellation of power players with competing interests, including the president and mogul Shari Redstone.

CBS' parent company will pay $16 million to President Trump over a “60 Minutes” episode aired last fall, during the closing weeks of the election