According to the almighty Bob Collins ^[1]:

“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 ^[2], 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 ^[3] is “Employers Slash 80,000 Jobs From March Payrolls.”