That's a Pretty Big Haircut

A month ago, FTVLive told you that CBS had signed Gayle King to a new one year contract.

We said at the time, “….industry insiders believe that King may have actually taken a pay cut to remain in her current position.”

We figured she took a pay cut, what we didn’t know was just how big that haircut was?

Word is that King took a $10 million dollar hit to stay on the CBS morning show. King was making around $13 million a year before and is now making around $3 million.

While $3 million is nothing to sneeze at, it shows the high paid anchor days are becoming a thing of the past.