"High-Profile CNN Journalists on Thin Ice as New CEO Seeks to Cut Costs" Reports are emerging that top CNN journalists, including some household names, are bracing themselves for potential layoffs and pay cuts as the network's new CEO, Mark Thompson, looks to plug financial holes amid a decline in ratings. According to sources, CNN's biggest stars, including 77-year-old Chris Wallace, are among those whose futures are uncertain. Wallace, who was lured from Fox News with a lucrative $8.5 million contract in 2019, has reportedly been summoned to meet with CEO Thompson, fueling speculation about his future with the network. As Thompson works to stabilize CNN's finances, the fate of high-profile journalists like Wallace hangs in the balance, raising questions about the network's commitment to its biggest names.
Lucas Jackson/ReutersJournalists at CNN, including some of the network’s biggest personalities, are living in fear of “inevitable” layoffs and pay cuts as its new CEO looks to shore up finances amid declining ratings. That’s according to The Ankler, which reported Wednesday that 77-year-old Chris Wallace—whose already been relegated to a weekend program—is among the network’s most well-known names whose future is in limbo.Wallace’s $8.5 million contract, signed by the ex-CNN boss Jeff Zucker to recruit him away from Fox News three years ago, is reportedly up and he was spotted in CEO Mark Thompson’s office on Tuesday. Read more at The Daily Beast.
