BREAKING REPORT: Big time hosts like Anderson Cooper on the chopping block at CNN

A new CEO may be slashing and burning some mega salaries from big time news hosts at CNN like Anderson Cooper, who makes $20 million per year.

Here’s the news via In Touch Weekly:

Big-bucks talent will become history at CNN as the spiraling network’s new honcho slashes budgets and takes aim at anxious anchors with oversized salaries, insiders say.

New CEO Mark Thompson is preparing ruthless cuts to remake the network as ratings plunge — leaving Anderson Cooper, Chris Wallace, Wolf Blitzer and Jake Tapper facing dates with the axman, a source says.

“Anderson knows he’s on the chopping block because he makes a whopping $20 million a year. He’s already started looking for a new gig!” a network insider exclusively tells In Touch. “Chris Wallace takes $8 million and figures he’s a likely target, too!”

Insiders say other network favorites — including $15 million man Blitzer and $8 million gent Tapper – are also bracing for the boot!

“Everybody knows the focus is on cutting costs,” the insider continues. “No one is safe!”

Contracts for most of the heavy hitters — including Cooper and Tapper — won’t expire until after the November election, but insiders say that after that, all bets are off!

A rep for Tapper insists talk of his ouster is false. But Thompson is known for wielding a sharp axe to get to a desired bottom line. He recently removed hosts Poppy Harlow and Phil Mattingly from CNN This Morning and consolidated all the network’s production offices to Atlanta to save dough.

The more the merrier. But I hope this is about more than just salaries and about getting rid of leftists who hurt the news station’s reputation.

But given how much the network had to pay Don Lemon this month – a $24.5 million payout for not honoring their contract with him – well that might have something to do with this.

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