Former CNN President Jeff Zucker reportedly receiving $10 million after abrupt ouster
Former CNN President Jeff Zucker will reportedly receive $10 million from WarnerMedia after his abrupt exit from the network.
Zucker unexpectedly resigned from CNN in February after admitting he had a relationship with a colleague that he failed to properly disclose. He has now reached a deal with WarnerMedia, the parent company of CNN, under which he'll receive "around $10 million," Deadline reports.
As part of the deal, Zucker has also reportedly waived his right to file a lawsuit against WarnerMedia over his exit, and Deadline reports he "sees this as a chance to move on."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Zucker in February said he was asked about his relationship with a colleague, CNN chief marketing officer Allison Gollust, as part of an investigation into ousted CNN anchor Chris Cuomo. "I was required to disclose it when it began but I didn't," Zucker said. "I was wrong." A report from the Wall Street Journal later said that Zucker and Gollust weren't initially "forthcoming about the relationship when asked by investigators." Gollust has also resigned from CNN, and Deadline reports she was paid $1 million.
Zucker's exit from CNN drew criticism from CNN staffers, some of whom grilled the CEO of WarnerMedia during a tense meeting and suggested Cuomo was to blame. Cuomo was fired from CNN over his efforts to help his brother, then-New York Gov. Andrew Cuomo (D), amid a sexual harassment scandal, and Page Six previously reported that he's preparing to seek a payout of "as much as $60 million."
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
The four presidents who were assassinated in office
The Explainer The unlucky men who fell victim to successful plots against their lives
By David Faris Published
-
Canada's carbon tax in the crosshairs
Under the radar PM Justin Trudeau's flagship green policy has become increasingly unpopular as citizens grapple with high inflation and cost-of-living crisis
By Harriet Marsden, The Week UK Published
-
Crossword: October 14, 2024
The Week's daily crossword
By The Week Staff Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published