Employees at CBS are said to be nervous about whose jobs might be on the chopping block after the company ramped up talk about reorganization and cost cutting.
The New York Post quotes interim CEO Joe Ianniello telling analysts Tuesday at the Deutsche Bank Media and Telecom conference in Palm Beach, Fla.: “We are reorganizing and thinking about functions that go across multiple divisions. We expect to … get $100 million in cost savings.”
“That had staffers of CBS’ news division questioning who might be on the chopping block, especially as ratings for its morning and nightly news shows fall — and as Gayle King of ‘CBS This Morning’ is reported to be looking to at least double her $6 million salary,” The Post reports.
The publication quotes one well-placed source saying: “Gayle is looking for $10 million more? Bodies will have to roll.”
The source added: “Their morning show hasn’t had an executive producer for two and half months. Meanwhile, the evening news team thinks they are all fired.”
The Post adds: “CBS is also rumored to be looking outside for talent, including former ‘Today’ co-host Ann Curry, who left NBC in 2012 with an annual salary of about $10 million. HLN anchor Ashleigh Banfield has also been said to be interviewing for the morning gig.”