Film giant Paramount Global reached a settlement with U.S. President Donald Trump, who sued CBS News for $20 billion over editing of a 60 Minutes interview with his Democratic opponent, then-Vice President Kamala Harris.

The money will go to Trump’s future presidential library, not to him directly, according to the agreement. Paramount will not apologize as part of the settlement.

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.