Shepard Smith Officially Filthy Rich

1119shep.jpgCongratulate Shepard Smith on his brand new $7 million contract. Last week, Smith signed for three more years at Fox News &#151 with a salary that’s spectacularly, mindbogglingly high for cable television. If reports are correct, FNC was aiming to keep Shep away from CNN, whose Anderson Cooper makes $5 mil annually, along with Lou Dobbs‘ $6 mil.

Meanwhile, an e-mailer over at brother blog TVNewser points out something interesting:

“Shep Smith’s new contract numbers make you wonder whether that long-rumored Fox broadcast news effort might actually launch. Perhaps with the writers’ strike on for an extended period, [Roger] Ailes sees an opportunity.”