Report: Katie Couric, CBS Discussing Pay Cut as Contract Talks Begin

Katie Couric is in early talks on a new contract with CBS Corp. that could see the CBS Evening News anchor take a pay cut while expanding her role at the company, Bloomberg reported, citing anonymous sources.

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The network began meeting with Couric's agent at CAA early this month, according to Bloomberg, which reported that both parties have agreed that Couric must take a pay cut to remain at CBS, whose evening news lags behind NBC and ABC in the ratings with a nightly average of 5.7 million viewers.

In addition, viewership for CBS' news program has dropped by 24% from when Couric took over in 2006, a bigger drop than both NBC and ABC have experienced during that same period.

It's not clear what Couric's expanded role at the company might entail; she currently takes assignments for CBS' "60 Minutes" in addition to her Evening News duties.

"Katie is enjoying herself at CBS and is proud of her award-winning show," her spokesman told Bloomberg. A CBS spokesman declined to comment.

Couric, who is scheduled to appear on Fox's Glee in February, also is reportedly being pursued by several syndicators to host a daytime talk show.