Jeff Zucker and WarnerMedia have settled on an exit package for the departed CNN news chief, canceling the possibility of a lawsuit with a one-time payment of $5 million plus based on his 2021 bonus, an individual with knowledge of the deal confirmed to TheWrap.
The sides settled sometime before the CNN News chief stepped down Feb. 2. The accord does not include severance, but does include a nondisclosure agreement: Zucker agrees not to say anything about his departure outside of a co-written statement, and not to sue WarnerMedia, as part of the deal.
Though the arrangement is designed to prevent lawsuits from flying, Zucker “continues to pursue legal options,” The Wall Street Journal first reported Wednesday.
WarnerMedia had no comment.
Zucker stepped down as head of CNN last month after a longstanding consensual relationship with colleague Allison Gollust was revealed during an unrelated investigation of CNN host Chris Cuomo’s role in helping his brother, New York Gov. Andrew Cuomo.
Deadline was first to report that Zucker reached a settlement.
For the record: A previous version of this story incorrectly stated that Zucker reached an eight-figure settlement as part of his exit.