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.


Contactmusic

Tags: Jay Leno - NBC


Editors Recommendations

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

The Cannes Film festival is sneaking up fast. The Oscars felt like they were 8 minutes ago...

Is The Cannes Palme d'Or Heading David Cronenberg’s Way for 'Map to the Stars'?

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

Next weekend's CounterPoint Festival will be the event's first year at a new 5000-acre site, featuring...

CounterPoint Festival 2014 To Feature Hometown Return of Outkast

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Superhero movies have been striving towards the almost unobtainable goal set...

'The Amazing Spider-Man 2' - Not Perfect, But Really, Really Fun

Ricky Gervais is "Hooked" on David Brent Again - Former Paper Merchant To Return

A return for David Brent has been mooted ever since the character was wheeled...

Ricky Gervais is

This Labor Day, Jay Z Is Bringing "Made In America" To Downtown Los Angeles

Jay Z and the Mayor of Los Angeles Eric Garcetti have announced that the rapper’s...

This Labor Day, Jay Z Is Bringing

Anna Wintour wants 'more exclusive' Met Ball 2014

The editor-in-chief of US VOGUE magazine is reportedly determined for the annual...

Anna Wintour - Anna Wintour wants 'more exclusive' Met Ball 2014

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

The comedy classic 'Mrs. Doubtfire' is reportedly set to return to the big-screen...

'Mrs Doubtfire' Sequel Will Be Made 21 Years After The Original

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Of Mice And Men premiered on Broadway last night, giving critics a chance to cast...

'Of Mice And Men' Brings Out Broadway Talents Of James Franco, Chris O'Dowd

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'

Sofia Vergara has been speaking about her nerves at shooting a ménage a trois with...

Sofia Vergara On Her Menage a Trois in Woody Allen's 'Fading Gigolo'


More recommendations

Comments

nubwaxer's picture

nubwaxer

jay, jaygo away
Import Source: 
comments.nsf
Import Date: 
1345540833

1 year 8 months ago
Report
View Comments

Jay Leno Newsletter

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

Unsubscribe | Unsubscribe All