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, 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, according to Puck News.
Instead, Wallace announced earlier this week that he was exiting CNN, and portrayed 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.
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