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Re: Network: Leno took 50% pay cut to reduce 'Tonight Show' layoffs 

By: oldCADuser in FFFT | Recommend this post (2)
Sat, 08 Sep 12 4:27 AM | 25 view(s)
Boardmark this board | Food For Further Thought 		Msg. 45833 of 65535
(This msg. is a reply to 45830 by clo)
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Clo,

Leno has never used a dime of his NBC paycheck to live on (he banks the checks). He considers himself a stand-up comic and therefore he and his wife (and his hobbies) are supported by what he earns doing gigs 300 nights a year.




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The above is a reply to the following message:
Network: Leno took 50% pay cut to reduce 'Tonight Show' layoffs
By: clo in FFFT
Sat, 08 Sep 12 3:57 AM 		Msg. 45830 of 65535

I don't watch Jay, but his unselfish act is to be admired & respected!

Network: Leno took 50% pay cut to reduce 'Tonight Show' layoffs

By the CNN Wire Staff

updated 4:27 PM EDT, Fri September 7, 2012

(CNN) -- Jay Leno took one for the team, in the form of a $15 million pay cut, to protect the staff of NBC's "The Tonight Show" from further cuts.

An NBC Universal representative confirmed Friday that the host took a 50% pay reduction.

The representative also confirmed that Leno extended his contract until September 2014.

A source with direct knowledge of the situation told CNN last month that 20 to 25 employees of "The Tonight Show" were let go and that Leno made the salary concession to prevent even more staff reductions.

According to the source, the layoffs were part of a plan to adjust the show's expenses to be more in line with typical late-night programming as opposed to prime-time fare.

http://www.cnn.com/2012/09/07/showbiz/jay-leno-tonight-show/index.html?hpt=hp_c2

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