Firing Katie Couric Woulc Cost 40 Million Dollars

July 29, 2008

in Katie Couric

There’ve been a lot of rumors floating around that Katie Couric is going to be fired as anchor of the CBS Evening News.

This, from The New York Post -

Katie Couric is keeping her CBS Evening News gig because it would be too expensive to fire her, sources tell the New York Post. Couric has a “pay or play” clause that would force the network to fork over $40 million if it replaces her. “The contract is airtight,” says one source. Les Moonves has “tried to get her to move on, and she was like, ‘Fine. I’ll leave—where’s my money?’”

The network denies the rumor. “This is unmitigated bull[bleep],” a representative said. “Katie is on the air because CBS is committed to her as an anchor.”

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