It seems like there is an endless collapse of many liberal anti-American sites, and CNN is no exception as they prepare to dump their highly paid hosts whose ratings are in the toilet. They were once the king of news stations until they allowed anti-Republican, anti-Trump rhetoric to run rampant as they alienated half of the country. Since then, they have been bleeding viewers at an incredible pace. I will not miss Chris Wallace at all, and his future employment appears to be bleak.
The struggling network is now desperately trying to get out of its death spiral, and step one is to cut costs by axing the remaining big name talents who have extremely large salaries:
New CEO Mark Thompson is preparing ruthless cuts to remake the network as ratings plunge — leaving Anderson Cooper, Chris Wallace, Wolf Blitzer and Jake Tapper facing dates with the axman, a source says.
“Anderson knows he’s on the chopping block because he makes a whopping $20 million a year. He’s already started looking for a new gig!” a network insider exclusively tells In Touch. “Chris Wallace takes $8 million and figures he’s a likely target, too!”
Insiders say other network favorites — including $15 million man Blitzer and $8 million gent Tapper – are also bracing for the boot!
“Everybody knows the focus is on cutting costs,” the insider continues. “No one is safe!”
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For now, no big changes are expected, because the contracts for the so-called “heavy hitters” don’t expire until after the elections in November. But after then? Well, anything can (and probably will) happen.
A rep for Tapper insists talk of his ouster is false. But Thompson is known for wielding a sharp axe to get to a desired bottom line. He recently removed hosts Poppy Harlow and Phil Mattingly from CNN This Morning and consolidated all the network’s production offices to Atlanta to save dough.
Sources say he has no use for the star system and the hefty salaries that come with it. He’s reportedly seeking to replace marquee names with talent who built their audiences on social media — including former FOX and NBC anchor Megyn Kelly, who has 1.72 million subscribers on YouTube.
The network posted its lowest numbers since 2014 at the end of 2023 and also hit an all-time low with the 25-to-54 age segment coveted by advertisers.
“CNN is trying to keep up with the news landscape and become a digital-first provider,” a source said. “It makes sense for them to pursue anchors who have already established a presence there — especially if TV becomes history in their portfolio!”
CNN’s previous attempt at a digital platform failed miserably, with it’s subscription-based streaming service, CNN+, a mere three weeks after its launch back in April 2022. CNN+ aimed for an ambitious goal of securing 2 million subscribers within its inaugural year, but only managed a meager 150,000 subscribers and purportedly less than 10,000 daily viewers during its highly-hyped launch, making it clear that it was never going to match projections, resulting in the streaming platform being put out of its misery within a month.
Something tells me CNN is going the way of the Hindenburg.
