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It’s no secret that CNN, once a titan in the news industry, is now grappling with a harsh reality. The network is struggling to keep its head above water as it battles declining ratings and an antiquated business model. A recent report by TheWrap reveals that CNN’s chief, Mark Thompson, is aiming for a digital-first overhaul in an attempt to breathe new life into the beleaguered cable network.

However, Thompson’s strategy might not go down well with CNN’s high-profile anchors who are currently pocketing an astounding $50 million annually in salaries. Yes, you heard it right! While most of us are hustling to make ends meet, these media bigwigs are enjoying their lavish multi-million dollar paychecks. But with dwindling viewership and revenue, it seems those hefty paychecks might soon be under scrutiny.

Thompson has already made some significant changes including axing popular hosts Poppy Harlow and Phil Mattingly from “This Morning” and revamping the morning programming. However, it appears that Thompson’s cost-cutting measures are primarily aimed at the high-earning anchors who are bleeding CNN’s budget.

While Thompson might be keen on slashing salaries, it won’t be a walk in the park. Some of CNN’s top earners, such as Anderson Cooper and Jake Tapper, have contracts that won’t expire until after the 2026 presidential election. But with the network’s ratings in a nosedive, Thompson might not have much of a choice if he wants to keep CNN alive.

But let’s get real here, it’s not just about the money. CNN’s biased and leftist agenda has sparked significant backlash from viewers. To make matters worse, the network can’t seem to get out of its own way with failed attempts at launching a digital subscription service and adding CNN Max to Warner Bros. Discovery’s streaming platform in an effort to attract more viewers.

The truth is, CNN is going down like a lead balloon and Thompson’s desperate attempts to save it seem like clutching at straws. Perhaps instead of focusing on cutting costs, Thompson should consider changing direction and concentrate on delivering unbiased, quality news coverage.

“We only know as much as Mark puts out in his memos. We are all still waiting for the other shoe to drop,” said one staffer. “Until then, its business as usual.”

But let’s face it – when you’re trailing behind channels like the History Channel and some obscure channel founded by televangelists, maybe it’s time to throw in the towel and retire the “fake news” label once and for all.

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