Former New York governor Eliot Spitzer was so eager to be on CNN that he took a contract for less than $1 million, reports the New York Post’s Page Six.
Both Spitzer and his co-host, Kathleen Parker, will be making closer to $500,000 than $1 million for hosting the 8 p.m. show, the story says.
The reason for the lowball pay? CNN didn’t want to spend a lot on the show because executives believe the chances for the program’s success are slim, the story says.
MSNBC’s Bill Wolff, who is the executive producer of "The Rachel Maddow Show," declined an offer from CNN to work on the Spitzer show after MSNBC counter-offered, the article says.
Both CNN and MSNBC declined to comment.