CNN anchor Chris Wallace was reportedly told his two poorly-rated shows would be canceled and his massive salary slashed before the veteran journalist announced he would leave the network. Wallace,…
Murdered nursing student Laken Riley's horrifying 911 call played in court — leaving her mom in a flood of tears
Wallace, who was being paid a reported $7 million a year, was informed that he was welcome to stay on as an analyst but at a much lower salary as part of CEO Mark Thompson’s vast cost-cutting initiatives,Instead, Wallace announced earlier this week that he was exiting CNN, and positioned the move in a Daily Beast interview as a pivot to podcasting and streaming — because “that’s where the action seems to be,” he said.
Wallace, who spent three years at CNN and 18 years at Fox News, said in his exit interview with The Beast that“This is the first time in 55 years I’ve been between jobs. I am actually excited and liberated by that,” he said. “Not knowing is part of the challenge. I‘m waiting to see what comes over the transom. It might be something that I haven’t thought of at all.”axed the expensive CNN+ and hundreds of staffers.
Earlier this week, it was reported that CNN suffered its worst rating in a key demographic in a quarter of a century in the week after the presidential election.
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