Posted on 02/03/2010 7:07:58 AM PST by COUNTrecount
CBSNEWS anchorwoman and 60 MINUTES contributor Katie Couric faces a dramatic pay cut at the network, insiders tell the DRUDGE REPORT.
CBS boss Les Moonves is determined to save money and trim expenses -- from top to bottom -- at the former crown jewel of broadcasting.
Couric, the highest paid TV news personality in history, commands over $14 million a year, plus bumps for non-EVENING NEWS appearances.
But her salary is now in the direct line of fire, network insiders explain, and a populist backlash against Couric's cash is said to be forming inside the newsroom.
"She makes enough to pay 200 news reporters $75,000 a year!" demands a veteran producer. "It's complete insanity."
The angry source continues: "We report with great enthusiasm how much bankers are making, how it is out of step with reality during a recession. We'll, look at Katie!"
MORE
Couric's $300,000 a week paycheck has become the obsession of disgruntled CBS staff, just as deep layoffs rock the fishbowl.
Dozens of employees -- including staff members in D.C., San Francisco, Miami, London, Los Angeles and Moscow -- are being let go, the NEW YORK OBSERVER reports.
Couric's current CBS contract expires next year.
Developing...
EDITOR'S NOTE: Former CBS News anchor Dan Rather called on President Barack Obama to form a White House commission to help save the press. Tears welled in the lifelong reporter’s eyes as he discussed the dwindling number of war correspondents.
Every year, the “Friends of the Library” group celebrates Banned Books Week with public readings of excerpts from some of these banned books. I chose to read from “Final Exit”, which I described as the ultimate Do-It-Yourself manual - because once you have chosen one of the projects it describes, and executed it properly, you never will need to do it yourself again!
I didn’t axe for that reply, lol.
And refuses to do another one. Poor little Katie.
CBS isn't taking my money....
When does this happen to the Federal Government?
How about 400 teachers $38,000 a year?
great graphic!
That amount of money to watch a paperclip? I don’t think so but...we only watch FOX anyway.
I’ve thought about the salaries of high-priced talent when other significantly lower-paid employees with the company were facing layoffs. Last year, I read an article about how the Phoenix Suns were laying off employees and I thought about how much money Shaq and others got paid. I thought it would have been magnanimous to see Shaq agree to a pay cut to keep those employees in their jobs. It didn’t happen.
Let’s see what happens to Katie and her salary as CBS employees are laid off. Let’s also watch star salaries as movie studios start laying off.
Nah, she'll be elated she can help the little people... do I really need a sarc tag?
I don’t begrudge people making large sums of money salary-wise, if it’s what the market demands. However, I do believe the monstrous sums allotted to certain markets such as entertainment and sports are ridiculous. Corporate executives? Sure. They’re expected to successfully run a corporation. But should they receive the mega-bonuses some get? That may be another story.
However, those ‘stars’ of television & screen, those media notables such as Couric, those sports stars, I seriously question the need for such salaries for these folks. Not to the extent they enjoy today.
Excellent 1
Yes, Katie is holding firm at last place.
I haven’t watched ABC, NBC, or CBS since FOX News started up and I don’t plan on going back so I don’t care what they pay her.
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