From Drudge Report this afternoon. Link here.
COURIC FACES PAY CUT; DEEP LAYOFFS HIT CBSNEWS
Wed Feb 03 2010 09:11:21 ET
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. Well, 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.
Did you know that Katie Couric makes $14 million a year? And it looks like some insiders there are starting to note the hypocrisy in reporting news. If you noticed in the story above that employees are now mentioning how CBS News will complain about bankers salaries but not mention Kaite’s salary.
I guess banks laying off people while the execs stay on is evil capitalism at work. At CBS News it’s just people moving on. Check out this spin as reported in The New York Observer:
But as the names of the laid-off began to circulate, it looked less like the end of days and more like the end of an era. The final vestiges of the pre–Katie Couric regime were finally leaving the network. “It’s like we’re Lehman Brothers,” said one longtime staff member, “and the JPMorgan guys are finishing moving in.”
Pink slips do equate to moving on – to the unemployment line.
Comments