News Summary

• Wendy McMahon's exit left Gayle King's multimillion-dollar CBS contract in jeopardy.
• "Letting Gayle turn the show into her personal therapy hour was a fatal mistake," said a TV news insider.
• "Gayle brought in her people, her politics, her preachy tone – and the audience disappeared!"
• In July, the show saw a loss of between 20 and 30 percent of its audience versus last year in the advertiser-coveted 25- to 54-year-old demographic.