Hoda Kotb Determined to Exit ‘In the present day’ After NBC Proposed Reduce to Her $20 Million Wage

Hoda Kotb’s shock announcement this week that she shall be stepping down as anchor of NBC’s “In the present day” was partially as a result of community asking her to take a pay reduce, Puck Information reported Friday.

According to Puck, she earned greater than $20 million a yr, a wage community executives informed her couldn’t be justified anymore because of the altering broadcast panorama.

“NBC executives liked Hoda and knew her worth to the model, but additionally made clear to her brokers that such stratospheric contracts had been now not justifiable given the trade’s inexorable decline,” due partially to the steep rankings decline affecting “In the present day” and opponents like “Good Morning America,” Puck reported.

In September, 2014, “In the present day” averaged 4.672 million complete viewers. Nevertheless this month, the present averaged 2.536 million, regardless of narrowly beating rivals at different networks.

Representatives for NBC didn’t instantly reply to a request for remark from TheWrap.

Kotb announced during Thursday’s episode of “Today” that she is going to step down and transition right into a as-yet unspecified totally different function at NBC early in 2025.

In a memo to employees that Kotb additionally learn on-air, she stated that made her determination in August after realizing “it was time for me to show the web page at 60, and to attempt one thing new.”

“As I write this, my coronary heart is everywhere in the map,” Kotb continued. “I do know I’m making the fitting determination, nevertheless it’s a painful one. And also you all are the rationale why. They are saying two issues could be proper on the identical time, and I’m feeling that so deeply proper now. I really like you and it’s time for me to depart the present.”

Kotb has spent 10 of her 26 years at NBC at “Dateline,” seven on the 7 a.m. “In the present day” hour and 16 on the ten a.m. hour. She helped launch the present’s fourth hour alongside Kathie Lee Gifford and Jenna Bush Hager.

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