Gayle King to sign multimillion-dollar deal to stay at CBS News

Morning talk show host Gayle King arrives at the Hollywood Film Awards in Hollywood, California November 14, 2014. (Reuters)

Gayle King is poised to sign a new multimillion-dollar contract to stay at CBS News.

Insiders believe King — who already has a $5.5 million-a-year deal — is much needed on struggling “CBS This Morning,” as news chiefs attempt to boost the show’s plunging ratings.

Meanwhile, all negotiations over whether her co-host Norah O’Donnell will replace Jeff Glor on “CBS Evening News” are on hold until King’s deal is signed, Page Six has learned.

GAYLE KING WANTS 'GEORGE STEPHANOPOLOUS MONEY' TO STAY ON 'CBS THIS MORNING'

O’Donnell wants to move the show to Washington, D.C., but we’re told: “Everything has gone very quiet. Nothing will be done until Gayle has signed her contract. It looks likely that she’s staying — but we don’t know what the holdup is.” CBS News staff are on tenterhooks about the possibility of the “Evening News” HQ moving to DC.

“Everyone is stressed — they want to know what’s happening,” said an insider.

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King recently impressed with her much-lauded interview with R. Kelly. If she stays, King wants to know that CBS News president Susan Zirinsky will make “This Morning” more competitive, friends say.

Asked if she’s staying, King told The Associated Press recently: “Ooh, that’s a good question. All I can say is I really love my job. And I think it’s kind of foolish to predict the future.”