Amid plummeting ratings and the likely spinoff of NBCUniversal’s cable assets, MSNBC’s biggest name is going to be a little lighter in the pockets.
According to a report that emerged Thursday, Rachel Maddow has supposedly renegotiated her contract to pay her $5 million less a year.
The Daily Beast noted that her deal was netting her $30 million, but that she would now be taking home $25 million.
Sources at the network said that the report, which initially emerged in Hollywood business Substack newsletter The Ankler, were “not accurate.”
However, the source didn’t provide another figure to the Daily Beast.
The move comes as Nielsen data show that MSNBC’s ratings are 40 percent of what they were last year in the wake of Donald Trump’s electoral victory.
While the Daily Beast said “execs are counting on viewers to come back the way they did in 2016 once Trump’s administration gets underway,” NBCUniversal parent company Comcast is looking to unload its cable assets, which have dragged on its share price.
Furthermore, as The Ankler noted: “Viewership is in revolt and two of MSNBC’s iconic faces, Joe Scarborough and Mika Brzezinski, are accused of destroying their anti-Trump cred by traveling to