"60 Minutes" correspondent Scott Pelley spoke out about President Donald Trump's lawsuit against CBS and its parent company on Saturday, arguing that a settlement would be "very damaging.""Well, itd be very damaging to CBS, to Paramount, to the reputation of those companies," Pelley said during a conversation with CNN's Anderson Cooper on Saturday, who asked how harmful a settlement and potential apology would be to the network.Trump filed a lawsuit against Paramount Global, CBS News' parent company, over a "60 Minutes" interview with former Vice President Kamala Harris in October 2024. Fox News Digital confirmed that Trump rejected a $15 million offer to settle his lawsuit, according to a source familiar with the matter, as the president's legal team is also demanding at least $25 million and an apology from CBS News.Cooper, who is also a correspondent on "60 Minutes," also asked Pelley about former show producer Bill Owens resigning from the program in April.CBS NEWS CEO WENDY MCMAHON ABRUPTLY RESIGNS, CITES DISAGREEMENT WITH COMPANY AMID CHALLENGING PERIOD"Bills decision to resign may not have been much of a decision for him because he was always the first person to defend the independence of 60 minutes.' Bill didnt work for Paramount. Bill worked for our viewers, and he felt very keenly about that. And so Im not sure Bill had any choice, once the corporation began to meddle in Bills decisions about the editorial content, or just place pressure in that area, Bill felt that he didnt have the independence that honest journalism requires," Pelley said.Pelley also said he wished he had the public backing of CBS News, but added that his work was still making it onto the program."You really wish the company was behind you 100%, right? You really wish the top echelons of the company would come out publicly and say '60 Minutes', for example, is a crown jewel of American journalism, and we stand behind it 100%. I havent heard that. On the other hand, my work is getting on the air, and I have not had anyone outside 60 Minutes put their thumb on the scale and say, you cant say that. You should say this. You have to edit the story in this way. You should interview this person. None of that has happened. So while I would like to have that public backing, maybe the more important thing is the work is still getting on the air," Pelley said.The "60 Minutes" correspondent recently went viral for calling out Trump during a commencement address.'60 MINUTES' PRODUCER DEFIANT AS CBS PARENT COMPANY MULLS SETTLING TRUMP LAWSUIT: 'I WILL NOT APOLOGIZE'"In this moment, this moment, this morning, our sacred rule of law is under attack. Journalism is under attack. Universities are under attack. Freedom of speech is under attack," Pelley said during his commencement speech at Wake Forest University. "And insidious fear is reaching through our schools, our businesses, our homes and into our private thoughts, the fear to speak in America. If our government is, in Lincoln's phrase, 'Of the people, by the people, for the people,' then why are we afraid to speak?"Pelley addressed the remarks during the CNN interview and told Cooper that he felt "strongly" it needed to be said.CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE"I dont refer to him or the president or the White House or the administration. But I was talking about actions that have been taken by the government over these last many months. But, there was a little bit of hysteria among some about this speech, and I simply ask you, what does it say about our country when theres hysteria about a speech thats about freedom of speech?" the CBS correspondent added.CLICK HERE TO GET THE FOX NEWS APPFox News' Joseph Wulfsohn contributed to this report.