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Friday, September 7, 2012

No Joke: Jay Leno's Pay Cut In Half


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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