• The Hollywood Reporter on LinkedIn
  • Follow THR on Pinterest

Katie Couric's 'CBS News' Contract Renegotiations May Lead to Pay Cut

10:52 AM PST 2/21/2011 by David Ciminelli

Weak ratings and a changing of the guard at the nightly program may affect the anchor's eight-figure annual salary.

UPDATED: Katie Couric's contract with CBS expires at the end of May, and her eight-figure annual salary may end then too, forcing the network news anchor to make some tough choices.

  1. Watch Video 35 Most Powerful People in Media Party

    35 Most Powerful People in Media Party

    Honorees Katie Couric, Bill O'Reilly, Barbara Walters, Wendy Williams and more stepped out at the Four Seasons Grill Room as The Hollywood Reporter feted the 35 Most Powerful People in Media.

    Related
    MORE VIDEOS

Social & Mobile