PEEK

CNN Paid Lou Dobbs $8 Million to Quit

That's a hell of a severance package.

Although Lou Dobbs has been saying that his departure from CNN was an "amicable parting on the best of terms," the New York Postreports that CNN wanted him gone so badly that it gave him an $8 million severance package. Dobbs "had a year and a half to go on his $12 million contract." He'll be appearing on Fox News tonight to talk with Bill O'Reilly, who has called the former CNN host a "stand-up guy."

Amanda Terkel is Deputy Research Director at the Center for American Progress and serves as Deputy Editor for The Progress Report and ThinkProgress.org at the Center for American Progress.