Cable News Network has reached an agreement in principal to extend the
contract of anchor Larry King, a source said Tuesday.
King's four-year contract extension will pay the Larry King Live host
between $6 million and $7 million annually, the source said. The network expects
to sign a contract with King soon, the source added.
Also Tuesday, CNN announced that it hired former MTV: Music Television
reporter Serena Altschul as a New York-based correspondent.
CNN has said it wants to attract younger viewers, and Altschul is the second
MTV reporter it has hired in the past month, following Jason