Late-night talk show host Jay Leno took a 50% pay cut as
part of NBC's budget-chopping effort last month at "The Tonight
Show," the network said, detailing the scope of the changes for the first
time as well as the reasoning behind them, according to a story by Christopher
Stewart at wsj.com.
The outsized pay cut, which took Mr. Leno's salary down to
around $15 million, helped NBC slash the show's $100 million annual budget by
about 20%, the network said. At the same time, Mr. Leno, the leading late night
host, extended his contract for another two years to May 2014.
NBC also clarified the number of layoffs, which it put at
20, among them writers and producers, reducing the show's staff to about 200.
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