COURIC FACES PAY CUT; DEEP LAYOFFS HIT CBSNEWSHow much you wanna bet...they don't renew her contract...she's lost huge numbers of viewers. Fox News is now the leader in broadcast news...network and cable across all categories. They are the only news organization that even pretends to be 'fair and balanced"...and the people of this country have long since recognized that.
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!"
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.
"Journalists" now rank BELOW lawyers for prestige...which is really pretty sad. Because a proactive press is necessary in a modern democracy/republic in order to keep government honest...but the majority of our journalists are now mere propagandists for the government and democratic party which I believe is a huge reason for the now failing print news industry. They've turned off half (or more) of their audience, that's the recipe for failure.