Couric Signs Off
Katie Couric gracefully bowed out of her anchoring duties at CBS after five years Thursday night, proudly showing off clips from some of the interviews she conducted for the newscast over the years, and finally thanking viewers "for coming along with me on this incredible journey." Today's (Friday) Los Angeles Times indicated that Couric will resume her journey with a show financed by ABC's syndication arm that will launch in 2012. The newspaper, citing people familiar with the negotiations, said that an official announcement is not expected to be made for at least a week and that there are still "outstanding issues surrounding compensation" that need to be resolved. Moreover, CBS has the right to match any offer before her contract ends on June 6. The Times said that the new show is expected to cost about $40 million a year with Couric and producer Jeff Zucker receiving a piece of the profits. The newspaper also reported that ABC's effort to land Couric has been code-named "Ginger" and some executives are emphasizing the importance of bringing in a "Fred" in order to guarantee success. Speculation remains unchecked that "Fred" will turn out to be Matt Lauer, Couric's former on-air partner on NBC's Today show, although Lauer has insisted that he plans to remain at NBC "for a while."