Rachel Maddow Reportedly Taking Massive Pay Cut At MSNBC As Worries Loom Over Shakeup [Yahoo! Finance]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Yahoo! Finance
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. Comcast's plan, which is set to take about a year, would create a company called “SpinCo” to house a number of assets including MSNBC, CNBC, E!, Golf Channel, Oxygen and Syfy. The assets set to move to SpinCo generated $7 billion in revenue for the year ending Sept. 30, according to Comcast The news of Maddow's pay cut comes as MSNBC staffer
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CMCSA
Earnings
- 10/31/24 - Beat
CMCSA
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- CMCSA's page on the SEC website