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Fox News Contributor Salaries Revealed In Financial Disclosures – The Hollywood Reporter
Across cable news, the salaries paid to on-air contributors remain shrouded in mystery, ranging by network and by market demand for the contributor’s expertise. But, because at least 10 former Fox News contributors have served in President Donald Trump’s administration and been forced to file financial disclosure forms, a window into the network’s payroll has been opened.
Among the eight Trump staffers who were forced to disclose what Fox News paid them to contribute, salaries averaged about $141,000 and ranged from a low of $31,336 for New York socialite Georgette Mosbacher (who serves as ambassador to Poland) to a high of $569,423 for John Bolton, who now serves as Trump’s national security adviser.
Another U.S. ambassador, former Massachusetts Sen. Scott Brown, earned a salary of $175,000 while working for the network between May 2013 and 2017. Richard Grenell, now the U.S. ambassador to Germany, earned a salary of $80,000 while serving as a Fox News contributor for about three and a half years, until December 2016. K.T. McFarland, who withdrew her nomination to serve as ambassador to Singapore, earned $63,518 per year during her nearly seven-year run as a Fox News national security analyst.
Anthony Scaramucci, who had to file a financial disclosure form as a precondition for his 11 days of service as White House communications director, revealed that he earned $88,461 as a Fox Business Network contributor. Tony Sayegh, spokesperson for the Treasury Department, earned a salary of $72,851 at Fox News.
Two members of the Trump administration, Sec. of Housing and Urban Development Ben Carson and White House senior adviser for strategic communications Mercedes Schlapp, have served as Fox News contributors, but did not disclose what the network paid them on the OGE Form 278e documents they filed.
Sebastian Gorka earned $4,320 for spending one month (January 2017) as a paid “counter-terrorism strategist,” later returning to the network as a contributor after serving briefly in Trump’s administration.
(He recently separated from the network.)
One former Fox News host, Heather Nauert, earned a salary of $485,000 before exiting the network in 2017 to serve as a spokesperson for the State Department, a position she’s slated to leave after withdrawing her nomination to serve as U.S. ambassador to the United Nations. According to his financial disclosure form, Bill Shine earned a salary of $1.46 million while serving as co-president of Fox News.
A Fox News spokesperson would not comment on how the network decides contributor salaries, but a person with knowledge of the process said that many non-famous contributors start with a per-appearance fee agreement that provides them with a small guaranteed retainer for agreeing to be exclusive to Fox News. If the person resonates with Fox’s audience and delivers ratings, the network would likely offer them an annual, flat-fee contract, firming up their contributor status.
“Frankly, Fox didn’t pay me enough,” one former contributor told The Hollywood Reporter.
At least two current and former members of the Trump administration have worked for non-Fox cable networks. Director of the National Economic Council Larry Kudlow served as senior contributor for CNBC from March 2014 to March 2018, but did not disclose his salary. Matthew Whitaker, who served as attorney general on an interim basis, earned $15,000 while serving as a legal commentator for CNN from July 2017 to September 2017.
While CNN’s contributor salaries are also a trade secret, THR has learned that one former contributor who left the network in the past two years earned a salary of about $75,000 per year.
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Teachers forced out of profession by high inflation, nearly stagnant salaries
EDUCATION
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One California school district is getting into real estate to keep teachers in the classroom as housing and living expenses rise
DALY CITY, CALIF.
– In some of America’s most expensive cities, residents are having to pack up and leave as rent prices rise. Inflation is keeping teachers from moving into these major cities like San Francisco in California, fueling the need for more staff when school districts are already struggling to hire.
Rent prices in San Francisco have gone up more 16% in the past year, the real estate company Redfin reported in June. The most recent teacher salary data shows that the average salary for teachers has gone down in the past decade by 3.2%, according to the National Center for Education Statistics. In California, the average salary is up 3.7%. Still, teachers say it doesn’t help with the rising costs of nearly everything.
“The prices here are astronomical,” Jefferson Union High School District Superintendent Toni Presta said. “We have teachers we want to hire, and they might be from across the country, and they can’t afford to live here,” she explained.
There are about 230,000 thousand less staff members working in education across the country now compared to this time in 2019, according to the U.
S. Bureau of Labor Statistics.
(Jiovanni Lieggi/Fox News)
Even some people who live in the area struggle to afford the high cost of living. “It’s difficult to make ends meet with rent, food and other bills you have to pay and still have a life,” Davonte Byrd said.
WHITE HOUSE TEASES STUDENT LOAN HANDOUT APPLICATION FORM
Byrd now works with the Jefferson Union High School District in San Mateo County, just outside of San Francisco. He was couch-surfing for several months until he was able to find a well-paying job and an affordable rent. In San Francisco, the median rent price is more than $3,750, according to Redfin. He’s paying half.
The Jefferson Union High School District built an apartment complex for district employees on an empty parking lot that they already owned to help retain and recruit new staff interested in moving to the area.
(Jiovanni Lieggi/Fox News)
To help provide a solution for affordable housing while retaining and recruiting staff, the Jefferson Union High School District built an apartment complex for district employees on an empty parking lot that they already owned.
The apartments are offered at almost half the market rate to employees. A $30 million bond was passed in 2018 by voters in the area to help build the complex. District leaders said the housing is helping.
“We started our year fully staffed, and most of neighboring school districts did not start the year fully staffed,” Presta said.
CALIFORNIA TO BAN ANOTHER PLASTIC BAG FROM GROCERY STORES
Rebecca Jasmin lives in the complex and works as a health teacher. She said she was couch-surfing as well until she could find an affordable place to live in the area.
“The rent that I was looking at, was like $2,200 per month, like a matchbox, a tiny little space,” she said. Jasmin left teaching previously because of low pay. She said having the housing makes it more affordable.
Teachers are being forced out of the profession amid rising costs of rent and inflation in big cities like San Francisco.
(Jiovanni Lieggi/Fox News)
“People are able to live here, work here and afford it, and that’s really remarkable in the Bay Area,” Presta said.
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There are about 230,000 thousand less staff working in education across the country now compared to this time in 2019, according to the U.S. Bureau of Labor Statistics.
“Low pay, the areas I wanted to be, the housing, it just wasn’t workable,” Jasmin said.
Fox News host Hannity reveals how the Fed’s rate hike is hurting Americans
Fox News host Hannity told how the Fed’s base rate hike is hurting Americans – Gazeta.Ru | News
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TV presenter Sean Hannity criticized the US Federal Reserve System (FRS) for another increase in the base interest rate. On Fox News , he noted that the Fed was raising rates for the third time during the presidency of Joe Biden, who has been in office for only a year and a half.
“This is hurting Americans across the country, especially the poor and middle class.
Two-thirds of Americans now live paycheck to paycheck. Unfortunately, raising rates has a bad effect on, for example, the value of real estate,” Hannity added.
As the TV presenter pointed out, in 2020, Americans could get a mortgage loan for 30 years with an interest rate of around 3% and having bought a house for $400 thousand with a down payment of 20% of the cost, they would have to pay $1.9 thousand per a month, receiving about $85,000 in overpayments.
“To date, 30-year fixed mortgages have averaged 6.3%. At this rate, your monthly payment is $500 more than in 2020. And the amount on top of the house was about $203,000. Now it’s getting a lot worse [amid the Fed’s interest rate hike]. [Mortgage] rates are expected to rise to 7.5%,” Hannity said.
Earlier it was reported that the US Federal Reserve for the first time since 1994 raised the base interest rate by 75 basis points at once.
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Continued government bailouts discourage Americans from working and boost inflation – InoTV
US economic activity today is below pre-pandemic levels as people rely on government subsidies and are in no hurry to look for work, analyst Brian Brenberg says in an interview fox news. Because of this, entrepreneurs cannot attract workers and raise wages, and this accelerates inflation and increases the risk of an economic recession, the expert emphasized.
Brian Brenberg joins us. Brian, we have 6 million people in our country now looking for work and there are 12 million vacancies. Something doesn’t add up! What’s happening?
BRIAN BRENBERG, Analyst: Two vacancies for every job seeker. It’s good when there are jobs, it’s not even discussed. But the problem now is that entrepreneurs are on the verge of patience – they cannot find workers. Although we have many people who exist somewhere on the periphery. But let’s look at the level of economic activity – this indicator is lower today than before the start of the pandemic – this is our problem.
Hardly (indicator – InoTV ) reaches 62 percent. Somewhere around 62-61 percent, right?
BRIAN BRENBERG: Yes, exactly! About one percentage point down, we have 3 million fewer vacancies than we should be! Entrepreneurs feel this, they have to raise wages to attract workers, but this drives up inflation, which in turn makes it harder for the Fed – which means they will raise interest rates. And here we face the risk of a recession. We are on the brink of a deeper recession because of this problem.
Brian, what has changed besides the effects of the pandemic? We didn’t have that problem in 2019, did we?
BRIAN BRENBERG: No, there was no problem, but the government gave out a large amount of financial assistance.
Also debt forgiveness?
BRIAN BRENBERG: The cash aid decisions have been coming one after the other for the past two years, and now the student debt relief decision.
This whole bunch of subsidies is keeping people from looking for work. Therefore, entrepreneurs sit and say: “I opened my own business, I am looking for workers, but I cannot convince them to work for me, because I need to pay them a lot to cover the amount of state assistance.”
Correct. So what can we expect? During the control period, we suddenly had more than 500 thousand jobs, now in different places we are expecting another 2-3 thousand by Friday. What do you think about it?
BRIAN BRENBERG: I guess the final figure will still be lower; someone says that it will be higher. I think so because the labor market is slowly “cooling” and this makes me nervous as the Federal Reserve raises interest rates again – this will lead to higher prices for consumer goods. They are trying to slow down monetary policy, and this will inevitably affect the business sector. Entrepreneurs will say: “We have to abolish vacancies, because if we leave them, there will be no demand for our products.
”
Okay, we know we have 5.67 million job seekers and there are 11.2 million vacancies. But look at the millennial generation, as you said, they have been getting poorer since the last recession period. And other age groups are getting richer, sometimes by 60 percent! How so?
BRIAN BRENBERG: The interesting thing is that we’re back to student debt here. Just think how much millennials paid to go to college! The cost of education is very high, it eats away at their ability to accumulate capital. In addition, over the past few years, older generations, thanks to the growth of the securities market, have benefited, while younger workers have received nothing. The problem is that millennials are in debt and we are not doing anything about this structural problem. Debt relief is not an option.
Interest rates for this type of loans are very high. Outrageously high!
BRIAN BRENBERG: Yes, they are high, the principal is too high, there is simply too much debt, period.