Hosts Joy Reid and Stephanie Ruhle may need to accept pay cuts if they wish to stay on the air at MSNBC
According to The Ankler, a news site, MSNBC is negotiating new contracts and both Reid and Ruhle have reportedly been asked to lower their salaries.
Ruhle, who anchors "The 11th Hour" at 11 p.m. on weeknights, currently earns $2 million annually, while Reid makes $3 million for hosting "The ReidOut" at 8 p.m. on weeknights.
The news of these salary negotiations comes amid significant turmoil for the liberal network.
Ratings have declined, and MSNBC’s parent company, Comcast, has announced plans to spin off the channel into a new entity called SpinCo. As a result, employees are reportedly worried about potential layoffs.
Last month, The New York Post reported that "panic engulfed" MSNBC headquarters after the announcement regarding the network's future.
During a meeting led by NBCUniversal chairman Mark Lazarus, who is set to head SpinCo, staffers inundated him with questions about potential changes, fearing that the new entity could lose its connection to NBC News.
One MSNBC insider told The Post, "Everyone is in a panic because everything is uncertain."
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