Lou Dobbs Paid $8 Million to Quit

CNN appear to have greased Lou Dobb's exit from the network with the added sweetner of $8 Million worth of cash as a buyout of his contract.  It is not currently known whether the buyout of his contract, which still had a year and a half to run, will prevent him from arriving at a rival network to take on another presenting role.  Michael Shain of the New York Post wrote;

CNN was so sick of Lou Dobbs, it gave him an $8 million severance package to leave, The Post has learned.

"They wanted him out," according to a source.

Dobbs, who a source said had a year and a half to go on his $12 million contract, shocked viewers last Wednesday by announcing he was quitting.

CNN boss Jonathan Klein and Dobbs, 64, had been publicly feuding over the kind of reporting Dobbs was doing on his show -- especially stories about illegal immigration and the anti-Obama "birther" movement, which contends the president was not born in Hawaii and is not an American citizen.

Read the full article here.