MSNBC slashed star anchor Rachel Maddow’s annual salary by $5 million as the left-leaning network continues to reel from parent company Comcast’s decision to spin off its struggling cable properties, according to The NY Post report.
Maddow — who rakes in $30 million a year for hosting “The Rachel Maddow Show” just one day a week on Mondays — renegotiated for a $25 million salary for the next five years, The Ankler reported on Thursday.
“This is a difficult time and they needed to keep her,” one executive told the news site. “No one else can do what she does. You can’t build a brand like it overnight.”
A source with knowledge disputed that Maddow’s haircut was for $5 million, but would not say how much less she will be earning.
The pay reduction comes as panic engulfed MSNBC’s 30 Rock headquarters in Midtown, as The Post reported, over Comcast’s plan to spin off off its cable channels by the end of 2025.
Splitting off MSNBC from NBC News could force the cable channel to change its name, logo and headquarters, and may lead to layoffs.
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