Eliot Spitzer was so desperate to be on TV, he accepted a contract from CNN for less than $1 million to host a prime-time, 8 p.m. show. A source says he’s making closer to $500,000 than $1 million, as is his co-host, Kathleen Parker. Larry King, on the other hand, signed a contract for $3 million — down from $7 million — just to present specials for the network with the possibility of hosting a weekend show similar to “Larry King Live.” Insiders say CNN isn’t spending a lot on talent for the 8 p.m. show because its chances for success are slim. MSNBC’s Bill Wolff, executive producer of “The Rachel Maddow Show,” recently turned down a hefty offer from CNN to produce Spitzer’s show after MSNBC made him a substantial counteroffer. “We don’t comment on contracts,” a spokesperson for CNN said. MSNBC would not comment.