Jay Leno - Jay Leno Takes $5 Million Pay Cut To Save 'Tonight Show'

Jay Leno has volunteered to take a $5 million pay cut in order to save the jobs of other staff on his popular late night talk show 'The Tonight Show'. Around 20 staff lost their jobs on Friday (August 17, 2012), leading Leno to take drastic action to reduce the show's costs, reports Bbc News.
Jay Leno's pay cut could amount to around $5 million in total, though some reports have it at $10 million. One of the most popular broadcasters on U.S. television, Leno's current salary is between $25 million and $30 million - his new salary will be around $20 million. Bruce Bobbins, a spokesman for the host said, "Jay's foremost concern is for the wonderful people who work with him at The Tonight Show.He did what was necessary to ensure their well-being". The cut is unlikely to make a huge dent in Leno's personal finances, given that he brings home another $15-20 million annually through personal stand-up appearances. 'The Tonight Show' remains the most watched late night show in the U.S, though it struggles to make money. According to Deadline.com, the job cuts and salary reductions are part of a restructuring programme that will see the show's weekly production budget fall to around $1.7 million, from $2.3 million.
The 55-year-old began work on The Tonight Show with Jay Leno after taking over from Johnny Carson in 1992, however, he briefly left in 2009 for a primetime slot and was replaced by Conan Obrien. Ratings for both shows slumped, with Nbc making the decision to move Leno's new show to his original time of 11.35pm, and moving O'Brien to after midnight. The latter finally quit the network with a $33 million pay-off.


Tags: Jay Leno - NBC


More Jay Leno

Jay Leno Will Be Awarded With Mark Twain Prize For Humour

The now retired 'Tonight Show' host Jay Leno is set to receive the Kennedy Center's 2014 Mark Twain Prize for American Humor.The award is to...

Clive Davis Joins Growing Backlash Against Hotel, After Sultan Owner Introduces Brutal Sharia Law

Record producer Clive Davis has become the latest big name to shun hotels owned by Sultan Hassanal Bolkiah, who announced last week that he would...

Jay Leno Addresses Old Rival David Letterman Retiring

It has only been a matter of days since David Letterman announced that he will retire once his current contract with CBS expires.The longtime 'Late...

Veteran Stand-Up And Touring Comedian John Pinette Dead At Age 50

Veteran US comedian John Pinette has been found dead in his Pittsburg hotel room over the weekend. According to the coroner’s office, via The Hollywood...


Jimmy Fallon Makes Unforgettable Tonight Show Debut

Ladies and gentlemen, meet your new Tonight Show host, Jimmy Fallon. Fallon’s first ever Tonight broadcast, live from New York, finally happened, capping off months...

Jimmy Fallon Stands On The Shoulders Of Giants In "The Tonight Show" Takeover

Jimmy Fallon. The Tonight Show. New York. These three things sound like a great combination, but we won’t know for sure until Fallon actually takes...

Jay Leno Signs Off After 22 year Career On Final 'Tonight Show' In Teary Farewell

The last ever 'Tonight Show', hosted by Jay Leno, aired this past Thursday (Feb 6th).The 63 year-olds stint at the NBC talks-show lasted for over...

A Week In News: A Screen Legend Dies, A TV Legend Makes His Exit, And The World's Weirdest Boxing Match

RIP Philip Seymour Hoffman: The world lost a true talent when actor Philip Seymour Hoffman was found dead in his apartment last Sunday after a...



nubwaxer's picture


jay, jaygo away
Import Source: 
Import Date: 

2 years 1 month ago
View Comments

Jay Leno Newsletter

Subscribe to this news alert service to receive news and reviews on Jay Leno

Unsubscribe | Unsubscribe All