I looked up some old Feder archives from 2003, and it looks like we're all kind of right.
February 27: "Now that weekend news anchor Cheryl Burton has signed a long-term renewal with WLS-Channel 7, all eyes are on the ABC-owned station's No. 1 news star, Diann Burns.
Both Burton and Burns were believed to have topped the "wish list" of Joe Ahern, president and general manager of WBBM-Channel 2. With Burton staying put at Channel 7, Burns could be poised to join Ahern after her current $2 million-a-year contract expires on June 30.
Burns, 45, who's been Chicago's top-rated and highest-paid news anchor for years, would be a prize catch for Channel 2, alongside 5 and 10 p.m. anchor Antonio Mora. Coincidentally, Linda MacLennan stepped down Wednesday after 16 years at the CBS-owned station, creating an obvious opening for Burns. Tracy Townsend has the 10 p.m. slot for the time being.
Emily Barr, president and general manager of Channel 7, reportedly has been pressing Burns to sign an early renewal with the station. Barr declined to comment Wednesday.
The only certainty Wednesday was that Burton, 40, had signed a new five-year deal, negotiated by her agent, Joel Weisman.
After more than 10 years as weekend news anchor, Burton is expected to expand her role and raise her visibility considerably under the new contract."
February 28: "In a coincidence of cosmic proportions, Linda MacLennan's last night on the air at WBBM-Channel 2 also turned out to be Diann Burns' last night on the air at WLS-Channel 7.
The big difference between the two sign-offs Wednesday night was that Burns didn't know at the time that her 18-year career at the ABC- owned station was over. So she never got to say goodbye.
Emily Barr, president and general manager of Channel 7, told Burns Thursday that she was being removed as news anchor of the station's 5 and 10 p.m. newscasts, effective immediately, and that she would be paid for the remainder of her contract through June 30.
Barr wasted no time Thursday replacing her No. 1 news star. Kathy Brock, a 13-year veteran of the station, succeeds Burns alongside Ron Magers at 10 p.m., while continuing to co-anchor at 6 p.m. with Alan Krashesky. Cheryl Burton, who has been weekend news anchor for more than 10 years, replaces Burns alongside Magers at 5 p.m."