09/10/2011 09:10 EDT | Updated 11/10/2011 05:12 EST

Redskins owner Snyder drops defamation lawsuit against Washington City Paper

ASHBURN, Va. - Washington Redskins owner Daniel Snyder has dropped his defamation lawsuit against Washington City Paper and one of its writers.

Both Snyder and the newspaper issued statements Saturday night announcing the news, but with different interpretations.

In an email from the Redskins publicity office, Snyder said the defendants had admitted that some assertions in the article were not intended "to be read as literally true." He said there was nothing further to be gained by continuing the lawsuit.

The newspaper repeated its own assertion that the article never said any of the libellous things that were alleged.

Snyder had wanted US$1 million in damages. He contended a Nov. 19 cover story, "The Cranky Redskins Fan's Guide to Dan Snyder," libeled Snyder by stating that he committed a crime.