“CNN has inked a contract extension with Larry King, keeping the iconic interviewer at the news net through 2009,” Variety scoops. The deal is worth “close to $7 million a year,” and “assures the immediate future of ‘Larry King Live’ while quelling speculation that King’s sometimes stand-in Nancy Grace is being groomed as his replacement.” Jon Klein says CNN is looking forward to 20 more years of King…
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