![]() (Photo by Dia Dipasupil/Getty Images) Other Ventures ![]() I think it shows that cable is competing on all levels now. I certainly never thought they would pay this kind of money. ![]() "With everything that's included in the deal, I'll be in the same ball park as the network guys. Speaking to the NY Times about the contract on the day it was announced, Larry said: In addition to the salary bump, Larry also received a chunk of stock options in CNN's parent company Time Warner and a generous signing bonus believed to be worth roughly $5 million. Earning $7 million in 1998 is the same as earning around $13 million in today's dollars. At the time of signing, "Larry King Live" was the highest-rated show on CNN.Īccording to the terms of the deal, Larry King's 1998 contract guaranteed him a salary of $7 million per year over five years, for a total of $35 million. The deal raised his salary to be commensurate to other popular news anchors at the time. In May 1998, at the peak of his success at CNN, Larry signed a new contract that doubled the salary he had been earning previously. In 1994 Larry signed a 4-year deal that paid him $3.5 million per year. By the early 1990s he was earning $2 million per year. When he first joined CNN in 1985, Larry King's salary was $200,000 per year. The final episode of "Larry King Live" aired on December 16, 2010. Piers Morgan, a British TV personality and journalist, was named as King's replacement. On June 29, 2010, King announced he would be stepping down from his nightly hosting job after 25 years. King had numerous celebrity figures substitute for him over his time on CNN, among them comedian Kathy Griffin, journalist/news anchor Dan Rather, and Kermit the Frog. Among King's awards are ten Cable ACE Awards, two Peabody Awards and a Golden Mike Award. During his time on "Larry King Live," King also wrote a newspaper column in USA Today for over 20 years.Īt his peak, millions of people watched "Larry King Live" on CNN. King has conducted over 30,000 interviews in his career. He gained a reputation for his delivery of easy and open-ended questions posed to his interviewees. King became known for his direct, non-confrontational approach in his interviewing style. then travel to the studios of the Mutual Broadcasting System to do his radio show. King would do his CNN show from 9-10 p.m. He would interview prominent leaders, politicians, and various figures in the entertainment industry. In June 1985, King became a household name with "Larry King Live", which currently ranks as CNN's longest-running television program. He was eventually hired to work on the Mutual Radio Network (now the Mutual Broadcast System) where he quickly went national with "The Larry King Show", which gained a devoted audience and over five hundred affiliates. He was arrested in Miami and temporarily fired. King's popularity could not save him from a brush with the law when he was accused of grand larceny by former business partner Louis Wolfson in December 1971. ![]() He also got further exposure when he became a color commentator for the Miami Dolphins football team. Three years later, King graduated to television when he began hosting a show called "Miami Undercover." The show turned Larry into a local celebrity. Two days later, singer Bobby Darin walked in randomly and became King's first-ever celebrity interview. He would interview whoever walked in–his first interview was with a waiter at the restaurant. He began conducting interviews on a mid-morning show for WIOD at Pumpernik's restaurant in Miami Beach. The station manager suggested he change his name to sound less "ethnic." Within two years he had legally changed his name to Larry King, which he picked up from an advertisement in the Miami Herald for King's Wholesale Liquor. He also did two afternoon newscasts and a sportscast. His first broadcast was on May 1, 1957, as a disc jockey on the 9 a.m. Initially hired to clean up around the studio and perform odd jobs around the office, one of the station's announcers abruptly quit and Larry got his chance to be on air. He first hit the airwaves in 1957 on WAHR, after some initial setbacks with settling in Miami. King would have to venture to Miami, Florida to jump-start his career in radio. From an early age he wanted to work in radio. Losing his father young greatly affected Larry, and he eventually lost interest in school. When he was a teenager, his father died of a heart attack at age 44 which resulted in his mother, brother, and himself having to be supported by welfare. King attended Lafayette High School in Brooklyn. He was the son of Lithuanian-born Jennie, a garment worker, and Aaron Zeiger, a restaurant owner originally from Austria-Hungry. Larry King was born Lawrence Harvey Zeiger in Brooklyn, New York, on November 19, 1933.
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