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Home > ABC News Has 105 Million Reasons to Keep Stephanopoulos

ABC News Has 105 Million Reasons to Keep Stephanopoulos

By P.J. Gladnick | May 19, 2015 | 9:42 AM EDT
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Too big to fall? Yeah, like $105 million too big.

The New York Post reports that ABC News renewed their contract with George Stephanopoulos for $105 million last year. And now it is simply too expensive to dump the face of ABC News for the huge ethical lapse of failing to disclose his $75,000 in donations to the Clinton Foundation in addition to not revealing the time he spent hosting events for that organization while interviewing "Clinton Cash" author Peter Schweizer. 

The “Good Morning America” and “This Week” anchor renewed his contract last year for $105 million, TV industry sources told The Post Monday.

The seven-year deal — which dwarfs the five-year, $50 million contract scored by since-suspended NBC rival Brian Williams — was supposed to keep Stephanopoulos in front of ABC’s cameras through 2021.

....Sources have said ABC News execs were blindsided by Stephanopoulos’ largesse, and one TV insider noted Monday that “ABC really has all their money on Stephanopoulos.”

Exit question: Should Brian Williams have held out for a $100 million contract so he too would have been too big (and expensive) to fall?

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George Stephanopoulos

Source URL: http://www.newsbusters.org/blogs/pj-gladnick/2015/05/19/abc-news-has-105-million-reasons-keep-stephanopoulos