Early last month, CBS News made Gayle King the happiest woman on the plan after they decided to bump up her salary significantly.
Amidst the restructuring at the television network, the anchor managed to renegotiate her contract with her employer, increasing salary twofold. This new deal will see King pocket $11 million annually for hosting her morning show.
The restructuring saw an overhaul of the network’s evening news and morning show broadcasts, but King managed to keep her place as the host of CBS This Morning, even earning a raise while at it.
As Page Six reports, King’s previous deal with CBS News saw her earn $5 million per year, although insiders in the network thought that she definitely made more.
Keeping King at all Costs
The move to give the TV personality a raise is seen as a means to keep her on the network after she had hinted towards resignation from CBS in search of greener pastures.
When the salary negotiations kicked off, she must have definitely stood her ground since the deal came to standstill at one point, with neither party showing signs of forfeit.
With an extra push from her best friend Oprah Winfrey, King finally mustered up the confidence to ask for what she really wanted.
According to reliable reports, Oprah had been King’s top advisor during the negotiations, telling her that now was the perfect opportunity to ask for a raise.
She insisted that her friend get the best deal she could, and if the network couldn’t deliver, the best she could do was walk.
Oprah even went to the point of calling up King’s lawyer, to ensure that he had his client’s best interests at heart, which he did. With the deal now finalized, we can bet that Oprah is over the moon for her BFF.
King managed to pull a similar stunt to what Oprah did decades ago, when she insisted on owning equity on her morning show. It turned out to be the best decision she ever made, with the show eventually growing into The Oprah Winfrey Show.
The overhaul at CBS News saw King’s co-host leave the morning, and on to the Evening News segment. This spelled bad news for Jeff Glor as Norah O’Donnell pushed him out.
Glor’s last appearance on CBS Evening News was on May 10, where he acknowledged O’Donnell as the anchor who’d take over from him and wished her the best in her new position.
Thank you, R. Kelly?
At the time of the salary negotiations, King was basking in the glory that was the aftermath of her explosive R. Kelly interview.
She interviewed the artist on all the indecent assault allegations leveled against him, and R. Kelly visibly lost his cool. Through it all, however, King was as calm as ever, and millions have commended her on how she handled the situation.
Even Oprah poised that it couldn’t have happened at a better time, coming right in the middle of her salary negotiations.
Featuring on Time’s list (100 Most Influential People) also gave the news anchor extra bargaining power, no wonder she managed to get the network to pay her that much.
For her morning show, King will now co-anchor with Anthony Mason and Tony Dokoupil.