CBS News, Katie Couric Are Likely to Part Ways

What You Should Have Read, April 10, 2008

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CBS News, Katie Couric Are Likely to Part Ways

The Wall Street Journal reports that after two years of record-low ratings, both CBS News executives and people close to Katie Couric say that the "CBS Evening News" anchor is likely to leave the network well before her contract expires in 2011 -- possibly soon after the presidential inauguration early next year. Ms. Couric isn't even halfway through her five-year contract with CBS, which began in June 2006 and pays an annual salary of around $15 million. But CBS executives are under pressure to cut costs and improve ratings for the broadcast, which trails rival newscasts on ABC and NBC by wide margins. What would she do next? It's said CNN is looking at her to replace 74-year-old Larry King.
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