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Anchors Away! Why TV’s Top News Stars Are Taking Pay Cuts — or Heading for the Exit
Economic realities are forcing TV news organizations to make tough choices with news stars — leading some anchors to exit and others to take pay cuts.
TV news insiders can tell you the moment that the world changed for high-priced anchor talent: Nov. 29, 2017, the day Matt Lauer was fired from NBC’s “ Today ” amid shocking allegations of sexual misconduct. Blame the content recession, triggered by the perfect storm of cord cutting, changing business models, global and national political unease, a whiplash economy and then the recent Hollywood strikes. In this environment, talent reps are keeping a close eye on ABC’s “ Good Morning America,” which has a high overhead from the salaries of its three core anchors: Robin Roberts, George Stephanopolous and Michael Strahan.
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