When former CNN chief Jeff Zucker stonewalled Chris Cuomo and refused to pay out the roughly $18 million that was on the rest of his contract, Cuomo’s attorneys determined to go over his head: They went to AT&T, CNN’s proprietor, sources conversant in the matter advised The Publish.
Cuomo’s attorneys argued AT&T was concerned in selective enforcement, based on the sources. Zucker — who violated firm coverage by relationship a colleague with out disclosing it — was capable of maintain onto his soft job, however Cuomo had gotten the boot for serving to his brother, now-former New York Gov. Andrew Cuomo, navigate sexual harassment claims.
Given these circumstances, Cuomo’s attorneys argued, AT&T ought to pay Cuomo the complete $18 million he was demanding.
However as a substitute of paying up, AT&T pressured Zucker to resign after Cuomo squealed on him to the telecom big, sources advised The Publish.
From a monetary standpoint, it seems Cuomo hasn’t gotten the windfall he was looking for. Sources conversant in the matter say AT&T hasn’t coughed up the $18 million. However from one other standpoint, he may need achieved some vindication.
“It exhibits clearly CNN is a multitude — and likewise distress loves firm,” one supply mused.
AT&T and CNN didn’t return requires remark. An lawyer for Cuomo, Bryan Freedman, additionally didn’t instantly reply to a request for remark.
After AT&T turned formally conscious of the scenario with Zucker, it doubtless needed to do one thing, sources stated.
“How do you fireplace a journalist who violates a coverage whereas the CEO will get away with violating a coverage?” stated one supply conversant in the matter.
The PR fallout for AT&T – an organization with a market capitalization of $175 billion – would have been far worse than any doable settlement that would nonetheless include Cuomo, one supply famous.
Cuomo nonetheless desires to achieve a settlement with CNN, sources stated.
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