Kudlow signs three-year deal with CNBC

Larry Kudlow, who announced earlier this week he wasn’t going to run for the Senate, has inked a three-year deal with CNBC, reports Emily Smith of the New York Post.

Smith writes, “TV insiders say CNBC didn’t want to risk losing Kudlow in an election cycle, and responded by giving him a new contract and his own lunchtime ‘Kudlow Report’ slot.

“While there are rumors that he was offered a seven- figure salary to stay at CNBC, Kudlow told Page Six the decision wasn’t about money.

“He said, ‘I thought about how much being on CNBC and doing my radio show means to me, how much I enjoy it, and I didn’t want to give it up.’

“He continued, ‘In my heart, I just wanted to stay with it. CNBC is giving me extended coverage and a broader mandate. They want me to cover the election and have a larger presence. I have a new contract, but the money side didn’t change.'”

Read more here.