Peter Jennings leaves estate of over $50 million

[UpInArms]

http://news.yahoo.com/news?tmpl=story&cid=765&e=6&u=/nm/20051001/people_nm/jennings_dc

NEW YORK (Reuters) - ABC News anchor Peter Jennings, who died of lung cancer in August, left an estate valued at more than $50 million, most of which was willed to his fourth wife and to two children from a previous marriage.

Jennings, 67, signed the will on April 21, 2005, 16 days after announcing on his World news Tonight program he had been diagnosed with inoperable lung cancer. He died on August 7 in New York.

His will, filed for probate this week in New York's Surrogate Court, lists $50 million in personal property and $3.5 million in property in New York.

Besides leaving his widow, producer Kayce Freed, 50 percent of the "net marital estate," she also got their Central Park West apartment.

...more...

:wow:

That's a lot of money :eyes:

[Olney Blue]

1. Wow! How did he do that?

[Zynx]

4. Likely saving and investing.

Contrary to popular belief, a large income is not the key criteria to becoming wealthy, though I'm sure Peter pulled in decent money, but the key is to save and invest.

[nvliberal]

10. Sure, it is.

He literally made MILLIONS a year in salary; it would take no time at all to build up a fortune like that.

You HAVE to make that kind of money to have that much money when you die; "saving and investing" won't make the average person anywhere near rich.

[sandnsea]

13. Reportedly, $10 million a year

http://www.berkeleydaily.org/artentertain_article.cfm?archiveDate=04-27-02&storyID=11630

Contrary to Republican propaganda, hard work pays the bills, but it does not make you rich.

[applegrove]

2. I had no idea journalists made that kind of money.

[BootinUp]

The anchor job on the three networks was at least

1 million a year back in the 80's

[applegrove]

8. There you go. Never thought about it.

[nvliberal]

11. Television anchors are basically considered entertainers,

and they are paid salaries commensurate with those of the highest paid entertainers.

$5 to $10 million a year isn't unheard of.

[sandnsea]

12. Katie Couric - 4 years, $60 million

Today Show co-host, Katie Couric, received a record amount for a news person on TV when she signed her new contract last week.

Couric will receive at least $60 million over 4 years under her new contract. That is considerably more than any other on-air personality on the morning shows, and any of the serious news anchors of the evening news.

http://www.bongonews.com/layout3.php?event=34

[shadowknows69]

18. 1 out of 10000 journalists make that much money

not saying jennings didn't deserve it. when you hit the anchor chair on network news you're in the big game.

[ikojo]

19. Local anchors don't pull down a bad salary either....

particularly those in larger markets such as Chicago, NYC, LA and even St Louis. I don't think anyone on Channels 2, 4, and 5 in St Louis are on welfare that's for sure.

[KayLaw]

3. Well. . .

I guess that helps a lot with understanding the corporate media, and all that.

[1932]

5. so true.

This guy couldn't be further from the sort of people whose lives have been made miserable by the politicians Jennings soft-pedaled.

[Southsideirish]

6. Pretty good for a high school dropout. n/t

[Benhurst]

7. Being the mouthpiece for the powers-that-be pays well. NT

[Cocoa]

9. he's worth a fraction of one Olsen Twin

:wow:

[AspenRose]

14. Didn't he fund his driver's education?

College and law school? Thought I heard that on Franken....

[daleo]

15. A relative handful in the media make mega bucks

It makes you doubt whether they would rock the boat very much.

[fasttense]

16. This is why these journalist lie. There is big bucks in it.

I know little about Jennings. I don't know if he routinely lied for the administration, but with money like this floating around, is it any wonder why they lie for the administration?

[TexasLawyer]

27. Or at least why they don't push the envelope...

when a person has a lot to lose, especially money, prestige and access, hard or unpleasant truths get shoved further and further into the shadows.

"News" becomes obsessions with dead popes, dead girls in Aruba, etc...

[Orsino]

17. They are not of us.

A close look at who paid him all those millions will explain why Jennings helped oversee the return of the robber barons. Benign neglect.

[Gold Metal Flake]

20. Whoring for the multinationals pays good!

Never trust a news anchor worth 50 mil.

[Mabus]

21. "integrity is for paupers"

so saith Tim Russert, maybe Jennings took his advice.

“You know, Tim, you used to be such a rabid Democrat when you worked for Pat Moynihan,” said the executive. “But now that you’ve gotten a glimpse of who’s handing out the money in this business, you’ve become quite the Jaycee. Were you wrong about everything you used to believe so strongly?”

“I still believe,” Russert said, leaning across the table. “I believe in everything I ever did. But I also know that I never would have become moderator on Meet The Press if my employers were uncomfortable with me. And, given the amount of money at stake, millions of dollars, I don’t blame them. This is business.”

The executive agreed. “But are you concerned about losing yourself? You know, selling out?”

Russert pounded the table. “Integrity is for paupers!”

http://www.makethemaccountable.com/podvin/media/020109_Russert.htm">CHOCOLATES AND NYLONS, SIR?

[WhiteTara]

22. didn't he go to Bohemia Grove and the

Council on Foreign Relations? I'm sure he kept lots of secrets instead of telling the world what horrible things were happening. According to Louise Hay and you can heal your life, cancer is the physical response to deep secrets or grief eating at the self. Carrying hatreds. :shrug:

[Doremus]

23. Brian Williams $4M, Chuck Scarborough $3M ....

Charlie Gibson,
$7 million
Co-anchor, Good Morning America

Brian Williams,
$4 million
Anchor, NBC Nightly News

Anderson Cooper
$2 million
Host, Anderson Cooper 360

Chuck Scarborough
$3 million
Anchor, WNBC news

Sue Simmons
$2.5 million
Anchor, WNBC news

Sam Champion
$1.5 million
Weatherman, WABC

Pat Kiernan
$200,000
Anchor, NY1

Roger Ailes,
$7.1 million
Chairman, Fox News Channel

Andrew Heyward
$1.5 million
President, CBS News

http://newyorkmetro.com/guides/salary/14497/index1.html

[Blue_Tires]

24. lol...i'm a journalist

and my last real job didn't pay enough to cover bills!

[Tight_rope]

25. "Fouth Wife"?....Man he was a real ladies man....n/t

[Piperay]

28. Yeah he was

and he even acknowledged it.:loveya:

[the_spectator]

26. I'm just waiting for one of our more "fortunate" members to tell us...

we lack proper perspective on this, that it REALLY isn't that much. After all, "everyone" in Manhattan these days is a millionaire of at least some kind or other; you can't "survive" in the city without that kind of money!