Insiders spill the tea, revealing that Wallace is squarely in the crosshairs due to his hefty paycheck of $8 million per annum. Although it's not the fattest salary around (looking at you, Anderson Cooper, with your eye-popping $20 million yearly haul), Wallace finds himself on the chopping block for sure.
Whether Chris gets the boot or not, it's crystal clear: CNN is going through some big changes.
From InTouch Weekly:
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!”
Contracts for most of the heavy hitters — including Cooper and Tapper — won’t expire until after the November election, but insiders say that after that, all bets are off!
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.
