CBS May Not Be Able To Afford Gayle King’s Contract
After agreeing to double Gayle King’s salary, CBS execs are worried that they might not be able to follow through. King and CBS are negotiating her contract to stay on CBS This Morning but the deal should have been solidified this month and it isn’t. A source told Page Six that the network doesn’t have the money to meet King’s expectations.
“It’s not like CBS News can all of a sudden find ABC or NBC money — it has to come from somewhere,” the anonymous source said.
Another source from CBS added that the keeping King on board is a major priority to the network.
“The only thing that would really hurt CBS News at the moment is losing her,” they said.
King’s current salary is $5.5 million a year.
Contract negotiations began after King’s viral interview with alleged abuser R. Kelly after he was charged for allegedly sexually abusing underage girls and was jailed for unpaid child support. King was admired by the masses for her poise and professionalism while Kelly exploded.