Gayle Kings CBS News future revealed after months of speculation

Gayle King has inked a deal to renew her contract as the star anchor of “CBS Mornings’ — ending months of speculation as the network undergoes a headline-grabbing revamp under editor in chief Bari Weiss.As previously reported by The Post, King’s current contract is up at the end of May and is worth between $13 million and $15 million.The terms of her deal could not immediately be learned, but King typically signs one-year deals.According to one source, chatter was circulating on Wednesday that King took a steep pay cut — as much as 50% — to remain at the network.CBS News did not return requests for comment.Weiss said in a townhall meeting in January that CBS News president Tom Cibrowski, a former ABC News exec who played a major role in making “GMA” a top morning show, was working on the revamping the show.At some point, that included refreshing the talent—King and potentially her co-host Nate Burleson—according to a source with direct knowledge.Cibrowski said in a statement Wednesday that King and Burleson will continue as co-anchors of “CBS Mornings,” calling the duo “fantastic partners.”“We are excited to continue to evolve ‘CBS Mornings’ and can’t wait for what’s to come,” he added.King’s decision to stay at CBS News, which is expected to get hit by layoffs in the coming weeks.

lends stability to the network after longtime “60 Minutes” correspondent Anderson Cooper recently said he would be leaving the marquee show.Sources mused that Weiss and Cibrowski were rattled by Cooper’s decision to leave the network, which increased the focus on retaining stars.“There was no plan B that was feasible,” a CBS insider told The Post when asked why top brass appears to have doubled-down on the co-hosts.“This was a game of chicken and Gayle won,” the insider said, adding that the journalist will “keep doing the show as long as they pay her.”King’s high salary had been a point of contention as her show’s ratings h...