The New York Post initially reported that CBS News anchor Norah O'Donnell took a substantial salary cut when she signed a new contract with the network after speculation over her future.
"According to insiders, CBS News re-signed the 48-year-old anchor in April with a yearly salary of $3.8 million — down from the previous $8 million — following reports that the network had been casting around for a replacement as O'Donnell's ratings continue to sag," The Post wrote.
"CBS execs gave O'Donnell a "low ball" offer during the hard-knuckle negotiations, which they "expected O'Donnell to reject," according to a source briefed on the talks. When she accepted it, some executives appeared surprised, the source added."
However, the company rejected the information provided by the newspaper in a statement to Mediaite, saying that The Post is publishing "false stories" about the network.
"Wrong again. Neeraj led the effort to retain and re-sign about a dozen of our biggest anchors and correspondents over the last year including Norah O'Donnell and Gayle King – and recruited a few new ones like Nate Burleson and Robert Costa," the statement said.
"While there are huge prime time openings elsewhere in the News industry, CBS News has the No. 1 news broadcasts and finished the season with multiple shows including morning and evenings in their most competitive position ever. Apparently, the more false stories the NY Post writes, the better things go for CBS News."
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