CNN Extends King's Contract

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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
Bellini.

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