Mr. Williams will join MSNBC as anchor of breaking news and special reports. The move is a humbling blow for him both professionally and financially. Mr. Williams will earn less money in his new role than he was as anchor of the “Nightly News,’’ according to an NBC executive with knowledge of the agreement, who spoke on condition of anonymity. The person characterized it as “substantially’’ less money, but would not be more specific.
Under a contract Mr. Williams signed in December, he was reported to be making at least $10 million a year over five years.