Katie Couric to Take CBS Anchor Chair, $7 Million Pay Cut
Fox entertainment columnist Roger Friedman reports that Katie Couric will take the CBS News anchor job when her NBC contract expires–even though it will require a huge pay cut.
If Katie Couric takes Dan Rather’s old job on the CBS Evening News, it will cost her big time — $7 million a year. Right now, Katie makes around $13 million a year co-hosting the “Today” show with Matt Lauer. I’m told that NBC wants her to stay put so badly they will offer her $20 million a year, a $7 million hike, to spurn CBS’s advances.
And here’s the rub: according to my sources, CBS will probably not offer Katie much more than she’s getting now. The CBS Evening News is a half-hour show, vs. the three-hour “Today” show. It’s also not a big money maker. So Couric’s take is likely to remain the same as it is now.
Nevertheless, Couric is probably going to take the job when the offer comes to her officially in mid-May. Her NBC contract doesn’t expire until May 31, and she’s not allowed to talk to any competitors until two weeks before that date.