Joy Reid's net worth at risk as MSNBC cancels her show

MSNBC is undergoing a major programming overhaul, and one of the most significant casualties is Joy Reid’s evening news show, The ReidOut.

Sources at the network have confirmed that the show will be canceled as part of a broader reshuffling under MSNBC’s new leadership.

The changes come amid declining ratings and increasing financial pressure on the network to compete with rivals like Fox News.

Reid, who has been a mainstay at MSNBC since 2011, is facing an uncertain future as the network pivots towards a new direction.

This shift comes after MSNBC star anchor Rachel Maddow returned to hosting her primetime show five days a week for the first 100 days of the Trump administration.

The move was reportedly aimed at bolstering viewership during a critical political period, but it has left other hosts, including Reid, vulnerable to changes.

The cancellation of The ReidOut is just one of several adjustments being made at MSNBC.

Reid’s 7 p.m. slot will now be taken over by a panel featuring former Democratic strategist Symone Sanders Townsend, former RNC chairman Michael Steele, and journalist Alicia Menendez.

The trio currently co-hosts The Weekend, a political discussion program airing on Saturday and Sunday mornings.

Declining ratings and salary cuts signal financial strain

Reid’s departure from MSNBC’s primetime lineup reflects deeper financial troubles at the network.

Reports indicate that The ReidOut had been struggling to attract advertisers, recovering less than 10% of its advertising costs.

Average viewership for the show had fallen below 50,000, putting it among the lowest-rated evening programs on cable news.

These struggles have had a direct impact on Reid’s earnings.

In late 2024, MSNBC implemented salary cuts across the board, reducing Reid’s earnings to $1.5 million annually.

This is a significant drop from her previous reported salary of $3 million.

Despite her reduced income, Reid continues to maintain a high-cost lifestyle, which has added to her financial pressures.

Reid has also attempted to bolster her income through other ventures.

She has authored three political books, including Fracture: Barack Obama, the Clintons, and the Racial Divide (2016) and The Man Who Sold America: Trump and the Unraveling of the American Story (2019).

Her most recent book, Medgar and Myrlie: Medgar Evers and the Love Story That Awakened America, was released in 2024.

However, book royalties alone have not been enough to offset her financial difficulties.

Real estate holdings under pressure

Despite a turbulent career, Reid has invested heavily in real estate.

Her most notable asset is a duplex penthouse in Manhattan’s Gramercy Park, which she purchased in 2011 for $1 million.

The 3,700-square-foot property, once owned by Monica Lewinsky, is now valued at approximately $4 million, according to Forbes.

Additionally, Reid reportedly owns two other properties, both of which she has listed on Airbnb.

These rental properties reportedly generate an estimated $250,000 annually in passive income.

Financial analysts suggest that if she loses her primary source of income at MSNBC, maintaining these assets could become a challenge.

Reid and her husband, Jason Reid, a documentary film editor, recently purchased an apartment in New York.

The couple each owns a 50% share of the property, which was financed through a mortgage.

If Reid loses her job, meeting these financial obligations could become increasingly difficult.

MSNBC’s leadership overhaul reshapes primetime

MSNBC’s programming shake-up extends beyond Reid’s show.

The network is preparing for a new era under Rebecca Kutler, who replaced Rashida Jones as MSNBC’s president.

Kutler, a 20-year veteran of CNN, has been tasked with revitalizing the network’s struggling viewership and reshaping its primetime lineup.

One of the key changes includes former White House press secretary Jen Psaki taking on a primetime slot, while Alex Wagner, host of Alex Wagner Tonight, will transition to special assignment reporting.

These shifts indicate that MSNBC is looking to introduce new faces and perspectives to attract a broader audience.

For Reid, the end of The ReidOut marks a critical moment in her career.

With her future at MSNBC uncertain, she may need to explore alternative opportunities in the media landscape or expand her presence in political commentary outside of traditional cable news.

Whether she can successfully navigate these challenges remains to be seen.