CNN’s leadership is preparing an aggressive cost-cutting operation that will involve slashing the salaries of some of its most prominent anchors, according to an exclusive report from The Wrap.
CEO Mark Thompson is said to be planning a “revolution” at the news network, which will involve a range of budget cuts, including slashing some of its largest salaries.
CNN’s top earners include prime-time anchor Anderson Cooper, who pulls in a cool $20 million a year; Wolf Blitzer, who earns around $15 million; Jake Tapper, who is paid more than $8.5 million; and Chris Wallace, who makes about $8 million.
The Wrap notes:
CNN boss Mark Thompson is looking to fund his digital-first transformation by cutting anchor salaries — currently more than $50 million — as he seeks to remake the ailing cable network into a U.S. version of the BBC, media observers and former CNN executives have…
