End of the Line for CNN Hosts? Anderson Cooper, Wolf Blitzer, and Other Big Names May Be on ‘Chopping Block’ | The Gateway Pundit

A brand new report claims that a number of large names at CNN might be let go because the community places monetary stability over well-known faces.

The report in In Touch says that Anderson Cooper, Chris Wallace, Wolf Blitzer and Jake Tapper may all be axed as CEO Mark Thompson prepares a radical plan to chop prices.

“Anderson is aware of he’s on the chopping block as a result of he makes a whopping $20 million a 12 months. He’s already began searching for a brand new gig!” a supply described as a “community insider” advised In Contact.

 “Chris Wallace takes $8 million and figures he’s a probable goal, too!” the supply stated, noting with $15 million for Blitzer and $8 million for Tapper, the cuts may make a significant dent in CNN’s prices.

“Everyone is aware of the main focus is on reducing prices,” the supply stated. “Nobody is secure!”

The report stated most contracts for major CNN hosts won’t expire till after November’s election.

“CNN is attempting to maintain up with the information panorama and turn out to be a digital-first supplier,” In Contact quoted one other supply as saying.

“It is smart for them to pursue anchors who’ve already established a presence there — particularly if TV turns into historical past of their portfolio,” the supply stated.

On Friday, Thompson despatched a memo to workers concerning the “altering economics of tv” and the necessity for a “extra sustainable financial footing” for CNN.

“Change isn’t simple, however I’ve been struck by what number of of you could have come as much as me or emailed me since then to say that you just’re up for the problem however wish to know HOW and WHEN the change goes to occur,” Thompson wrote, based on the New York Post.

Thompson outlined a five-part plan below headings that included “Constructing our digital future,” “A world built-in multimedia information operation,” “Future-proofing TV manufacturing,” “Creating new sources of income” and “Communication and tradition.”

One supply the Publish known as an “insider” stated the plan means lower than it appears for the beleaguered network.

“It’s a five-point plan to make five-point plans,” stated supply stated.

 “In different phrases, there isn’t any plan, however we’re actually planning to make a number of plans. And relaxation assured, there are many individuals overseeing the planning to make plans. And Mark is overseeing all the individuals planning to make plans. So don’t fear. We’ve acquired this completely below management!”

“He’s rearranging the deck chairs on the Titanic,” the Publish quoted one other supply it didn’t identify as saying.

Late final month, CNN knowledgeable staff that they might not be getting the complete quantity of their yearly bonuses, based on the New York Post.

Final 12 months, staff obtained 90 % of what was promised. This 12 months, it will likely be within the vary of 75 %.

“The tone of the e-mail was that it was a 12 months of stabilization. It mainly stated we did rather well to launch new exhibits and to stabilize the ship however we bumped into a few of the similar headwinds as different media firms,” the Publish quoted what it stated was an “insider” as saying.

This text appeared initially on The Western Journal.