Atlanta-based CNN anchor Anderson Cooper reportedly signed a new contract guaranteeing him at least $4 million annually.

The reported deal with Cooper, host of CNN's "Anderson Cooper 360," would more than double his previous salary and would allow him to continue as a contributor to the CBS news magazine, "60 Minutes," the Hollywood Reporter said Monday.

CNN declined to comment, but a spokeswoman for the network issued a statement that read, "Anderson Cooper is an exceptional journalist, and his dedication in going after important stories wherever they occur makes him a natural fit for CNN. We look forward to more of his groundbreaking work in the years to come."

He has been with CNN since 2001 after stints with ABC News and Channel One News.