Becoming a Fox Channel news anchor begins with earning at least a bachelor's degree in a subject such as journalism or communication. Take advantage of your time in college to intern at a local station. Once you get hired, how much you'll earn will depend on your experience, what you cover, and the size of the audience you attract.
In 2012, news anchors brought home a median annual salary of $55,380, according to the U.S. Bureau of Labor Statistics. Salaries at Fox varied depending on whether the station focused on local or national news. The 2014 Fox salary average of $74,000 as reported by Simply Hired is eclipsed by the salaries commanded by the network's leading national anchors. These include Sarah Palin, whose 2013 contract earns her $250,000 a year, and Megyn Kelly, at $6 million a year. Bill O'Reilly was the top-paid anchor at Fox, in 2014 earning an estimated $17 million a year.