Oprah Best friend, Gayle King, is up for a new contract with CBS news. Although Gayle has said many times how much she loves what she does for CBS, her new contract is expected to really cost the company. King has only one year left on her current contract. Sources are saying that Gayle will need money like George Stephanopoulos. We are talking $15 - 18 million!!!!! Currently Ms. King makes about $5.5 million a year.