Williams was officially demoted by NBC News on Thursday for false statements he has made on and off the air regarding his coverage in the field. He will lose his anchor chair on "NBC Nightly News," one of the most prestigious and high-paying jobs in television news, but will be kept on handling breaking coverage on cable channel MSNBC.
Williams will have a much smaller audience — MSNBC averaged 301,000 viewers in May compared with the roughly 7.5 million who watched "NBC Nightly News" each night during the month — and a salary that pays him significantly less than the $10-million-a-year contract he signed in December, according to...
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