CNN is taking a gamble by installing Eliot Spitzer as co-host of its 8 p.m. show starting his fall.But apparently not too much of a gamble.
Sources say his contract is less than $1 million; probably even closer to $500,000. Ditto his co-host, columnist Kathleen Parker.
Larry King, on the other hand, signed a contract for $3 million — down from $7 million — just to present specials for the network with the possibility of hosting a weekend show similar to “Larry King Live.” Insiders say CNN isn’t spending a lot on talent for the 8 p.m. show because its chances for success are slim. MSNBC’s Bill Wolff, executive producer of “The Rachel Maddow Show,” recently turned down a hefty offer from CNN to produce Spitzer’s show after MSNBC made him a substantial counteroffer. “We don’t comment on contracts,” a spokesperson for CNN said. MSNBC would not comment.
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