In a statement, CNN said that "After more than a decade of litigation, negotiation and appeals we are pleased to have resolved a longstanding legal matter." (Photo: f11photo/Shutterstock.com)
CNN will pay $76 million in back pay to a group of former video contractors whose contract was terminated in 2003, according to a settlement signed Friday.
The money, which will go to more than 300 former contractors, is the largest monetary remedy in the history of the NLRB and is more money than the board typically collects in an entire year, according to its news release.
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