Couric Likely To See Salary Cut If She Remains On Cbs
CBS chief Les Moonves indicated on Wednesday that if the network renews Katie Couric's contract next year, it won't be on the original terms. Couric's contract, which expires next year, calls for her to receive $15 million per years over three years. But according to TVNewser.com, Moonves told an audience at the University of Texas Monday, "The Katie Couric deal will be the last big deal of that kind ever done. ... Those days are over, because the news no longer generates the kind of revenue or success that's worth doing [those contracts]." In February, CBS News President Sean Mcmanus told Politico.com, "I have not had any thought to change Katie's role, Katie's salary, anything to do with it."