comScore Katie Couric - New Contract - CBS

Report: CBS News Wants To Extend Couric’s Contract, With “Significant” Pay Cut

A day after CBS News shook up its leadership, replacing CBS News president Sean McManus and handing control of the news division to 60 Minutes executive producer Jeff Fager, comes word the network is eager to keep Katie Couric in her role as anchor of the CBS Evening News–but for far less than she’s making now.

The Daily Beast’s Howard Kurtz reports CBS wants Couric to remain in her post at least through the 2012 elections–a move that would require an extension of Couric’s contract, set to expire in May:

If Couric and the network reach agreement, it will be for an annual salary significantly lower than the $15 million in her original deal. And the source says the new contract would be for a shorter period, running through the 2012 elections, which would essentially buy time for both sides to pursue other options.

Evening News remains in third place, and Couric has reportedly considered a move to daytime TV, but no deal’s been struck. As Kurtz reports, CBS also has no replacement in mind–yet–and that makes an extended deal more likely.

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