Disney CEO Bob Iger Settles Trump's Defamation Lawsuit Against ABC News for $16 Million Amid Internal Backlash

Dec 18, 2024, 02:53 PM

Disney has settled a defamation lawsuit filed by President-elect Donald Trump against ABC News for a total of $16 million. The settlement, authorized by Disney CEO Bob Iger, includes $15 million to be paid to a presidential foundation and museum, and an additional $1 million to cover Trump's legal fees. The lawsuit stemmed from comments made by ABC News anchor George Stephanopoulos, who falsely claimed on air that Trump had been found liable for rape. The settlement has sparked an internal backlash at ABC News, with concerns about its impact on press freedoms and the future of Stephanopoulos at the network. Disney's decision was influenced by fears that a prolonged legal battle could damage protections for the press and harm the company's brand.