CNN to Slash Budgets, Star Salaries as Mark Thompson Digs In

February 15, 2024

Likewise, the salaries at The New York Times, where Thompson was CEO for eight years until 2020, are minute in comparison to CNN. That same insider said that rather than slashing anchor salaries CNN should cut back on its multi-anchor shows. “We need to recapture some of the swagger and innovation of the early CNN,” Thompson wrote in memo last month to CNN staff. They missed that chance.”The “big fat cable bundle” that has underpinned linear TV, including cable news, “is in freefall,” Greenfield said. In the end, star anchor salaries are tough to justify without evidence that they can generate digital value.