Monday, February 14, 2011

CBS, Couric Talks Draw Near

Katie Couric may end up doing something seen as unlikely just a few years ago: stay on as anchor of "CBS Evening News," write Sam Schechner at wsj.com.

Both CBS Corp. and Ms. Couric appear open to a new deal that would keep her at the network's news division beyond her current five-year deal, which expires at the end of May, according to people briefed on the matter.

CBS has indicated that it would like Ms. Couric to continue as evening-news anchor, but wants to pare the cost of her annual base salary of roughly $15 million, the people said. Ms. Couric could potentially structure a deal that gives her other business opportunities—like a syndicated show, or creating more content online—on top of the evening news, one of those people added.

There is no certainty that Ms. Couric and CBS will reach a deal. Formal negotiations haven't yet started, people briefed on the matter said, and Ms. Couric and the network are still evaluating their options.
Read more here.

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