Veteran broadcaster Chris Wallace is leaving CNN after less than three years.
CNN CEO Mark Thompson said in a statement to FOX News Digital: “Chris Wallace is a news industry leader with a unique track record in radio, print, broadcast television, cable and streaming. He is one of the most respected political journalists.” “We would like to thank him for the dedication and wisdom he brings to all his work at CNN and wish him well in the future.”
Wallace was offered a contract extension by CNN, but chose to leave the network, a person familiar with the matter confirmed to Fox News Digital. His departure from CNN It was the first reported Written by The Daily Beast.
The 77-year-old told The Daily Beast that he hopes to strike out on his own through streaming or podcasting.
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CNN host Chris Wallace is leaving the network after less than three years. (Screenshot/CNN)
According to Report from Ankler Wallace was offered a new contract last month that was “significantly lower than the $8.5 million contract he signed under former CNN president Jeff Zucker.”
Wallace joined CNN in 2022 as part of the network's ill-fated streaming service CNN+. After CNN+ folded, Wallace remained with the network and continued to host two different weekend talk show shows, “Who's Talking to Chris Wallace?” ” and “The Chris Wallace Show” both had poor ratings.
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In a presidential election year, “The Chris Wallace Show” failed to reach 600,000 total viewers in the 25-54 demo that advertisers coveted, and averaged just 85,000 viewers.
Prior to CNN, Mr. Wallace was the host of “Fox News Sunday” for 18 years.
He will appear on the network until the end of the year.
As the 2024 election draws to a close, reporting on CNN's financial woes is reaching its peak. (Reuters)
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Mr. Wallace's resignation follows the following reports. CNN's financial troubles Now that the 2024 elections are over, the issue may be coming to a head, with potential layoffs and pay cuts for broadcast talent being suggested.
