According to the almighty Bob Collins:

“Paul Douglas is no longer with the station,” WCCO spokesperson Kiki Rosatti told me this afternoon. Earlier this week, anchor John Reger was let go in a “restructuring” that has hit local CBS stations across the country hard. About 8 persons were let go on WCCO’s television side and the company is offering “a limited number of buyouts” to staff members.

According to the Minnesota Monitor, Douglas probably isn’t worried about keeping his mortgage current, however:

Don’t fret about where Douglas’s next paycheck will come from, though. He’s rich. In 1997 he sold an early entrepreneurial venture called EarthWatch (a 3-D weather graphics modeling tool that had been used to produce the special effects in Twister and Jurassic Park) for $3 million, and last year he and a partner realized somewhere north of $22 million when they sold Digital Cyclone, a service that sends customized weather forecasts to cellphones and other personal electronic devices.

Probably no coincidence the lead story on WCCO is “Employers Slash 80,000 Jobs From March Payrolls.”

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