Rachel Maddow Reportedly Taking Massive Pay Cut At MSNBC As Worries Loom Over Shakeup
HuffPost
MSNBC "needed" to keep the anchor after parent company Comcast announced plans to spin off several NBCUniversal channels, one executive said.
MSNBC’s Rachel Maddow has reportedly agreed to take a “far lesser amount” than her current $30 million a year as worries loom among MSNBC staff after parent company Comcast revealed its plan to spin off several NBCUniversal channels — including the network — into a new company.
Maddow, who has been with MSNBC since 2008, renegotiated her deal with the network and is set to make $25 million annually for the next five years, a $5 million per year pay cut, The Ankler reported Thursday.
Executives told the outlet that Maddow has been “ratings Viagra” for MSNBC and the network “needed to keep her” amid an uncertain time.
“No one else can do what she does. You can’t build a brand like it overnight,” one unnamed executive told The Ankler.
HuffPost has reached out to MSNBC for comment.
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