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No Joke: Leno Took Pay Cut of 50%
Wall Street Journal ^ | September 7, 2012 | CHRISTOPHER S. STEWART

Posted on 09/07/2012 11:11:30 PM PDT by iowamark

Late-night talk show host Jay Leno took a 50% pay cut as part of NBC's budget-chopping effort last month at "The Tonight Show," the network said, detailing the scope of the changes for the first time as well as the reasoning behind them.

The outsized pay cut, which took Mr. Leno's salary down to around $15 million, helped NBC slash the show's $100 million annual budget by about 20%, the network said. At the same time, Mr. Leno, the leading late night host, extended his contract for another two years to May 2014...

"Tonight" is "not the cash cow it was in the Johnny Carson days," although he said it was still profitable...

Advertising, too, has dropped. "Tonight's" ad revenue fell to $159 million last year from $255 million in 2007, according to Kantar Media, while "Late Show With David Letterman," on CBS Corp.'s CBS +0.84% network, slumped to $155 million from $205 million over the same period...

Mr. Leno agreed. "We are just going to work harder and more efficiently," the host said in an email. "Our job is to be sure that none of this shows up on screen."

Meanwhile, Mr. Greenblatt hasn't spoken to the 62-year-old host about ending his 20-year-reign at "Tonight." "That's a conversation we'll have as we look down the road," he said.

When?

Mr. Greenblatt didn't know for certain, but said "I'm sure there will be a day when these guys—Letterman and Leno—wake up and say, 'It's time for us to exit gracefully.'"...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; TV/Movies
KEYWORDS: jayleno; leno; letterman; nbc
No mention of Leno and Letterman's radical Left politics are hurting their ratings.
1 posted on 09/07/2012 11:11:36 PM PDT by iowamark
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To: iowamark

they need to contribute more to society by paying more taxes, they’re paid too much


2 posted on 09/07/2012 11:22:34 PM PDT by 4rcane
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To: iowamark

” The outsized pay cut, which took Mr. Leno’s salary down to around $15 million...”

Cripes. I hope he’ll be able to make ends meet.


3 posted on 09/07/2012 11:28:26 PM PDT by jessduntno ("President Obama is the greatest hoax ever perpetrated on the American people." - Clint Eastwood)
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To: iowamark

“”Tonight” is “not the cash cow it was in the Johnny Carson days,””

And I don’t think any late-night talk show ever will be so again. Partly because of Johnny’s enormous talent, partly because the tv landscape has change so radically since Johnny decided to call it quits.


4 posted on 09/07/2012 11:29:06 PM PDT by DemforBush
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To: jessduntno

Well, if need be he can always sell an old car or two......


5 posted on 09/07/2012 11:31:59 PM PDT by Emperor Palpatine (I need a good stiff drink. How 'bout you?)
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To: iowamark

Keep hammering conservatives and pimping for Obama, Jay.

It’s working real good for your show and the folks that *used* to work there before it took a nose dive. /s


6 posted on 09/07/2012 11:32:33 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: iowamark
Now, now, alienated audiences doesn't figure into corporate projections. Besides, being conservative is obviously a loser, look at Rush Lim... Err, I mean, look at Fox... Err, well, it's better to be liberal like Curre... Or Air Am..

Look, it's just better to represent the real demographics of America. Gay.

Actually, thinking about it, there should be a massive protest about the cut in Leno's salary. That's money out of the pockets of California state workers, teachers, etc. His paycut alone will rob schools of more than a million dollars! NBC should directly contribute that money immediately to local school unions!

The new liberal teacher rally call: Don't cut the salaries of the rich, as that's our money...

7 posted on 09/07/2012 11:34:23 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: iowamark; abb

Maybe the MSM would like to think about how they will be funded when there is no audience with $$ and no advertisers


8 posted on 09/07/2012 11:36:26 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Emperor Palpatine

“Well, if need be he can always sell an old car or two......”

...hundred?


9 posted on 09/07/2012 11:36:38 PM PDT by jessduntno ("President Obama is the greatest hoax ever perpetrated on the American people." - Clint Eastwood)
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To: DemforBush

DVR

Pawn Stars etc will whip their tails. lol


10 posted on 09/07/2012 11:37:46 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

“Maybe the MSM would like to think about how they will be funded when there is no audience with $$ and no advertisers.”

Indeed. Maybe NBC should have considered some wholesome, family programing and not pushing the gay agenda as well as general immorality. I might still have cable. On a heart warming note, my 17 year old made me watch a Youtube video of a Veggie Tales song today that she found and was a blast from the past.


11 posted on 09/07/2012 11:48:38 PM PDT by pops88 (Standing with Breitbart for truth.)
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To: iowamark

To be fair, Leno treated Rush Limbaugh graciously when he was a guest but Letterman would be frothing at the mouth as he is an extremely left lunatic.

Never watch leno and letterman since 2002. Same as the Simpsons especially after they shilled for obama.


12 posted on 09/08/2012 12:05:05 AM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: jessduntno

Sounds like he’s eligible for food stamps and Medicaid. How is he going to survive on such a paltry wage?/s


13 posted on 09/08/2012 12:07:08 AM PDT by Catsrus
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To: iowamark

BTTT

I’m not interested in either program because of their politics.


14 posted on 09/08/2012 12:30:53 AM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: iowamark

Same with Oprah, CBSABCNBCMSNBC, NYT, WaPo etc. These people never seem to get it.

If Leno stuck to “funny” and stopped with the Mooch and Kenyan interviews. The majors have lost control of the people thanks to talk radio and the internet.


15 posted on 09/08/2012 2:13:03 AM PDT by albie
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To: albie

These people don’t care I guess. They await the day when they are all publicly owned, working for National Television and Federal Television, GOV TV and US TV.


16 posted on 09/08/2012 2:24:01 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: iowamark

Poor jay, only $15 mil/yr.


17 posted on 09/08/2012 2:24:28 AM PDT by ozzymandus
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To: kingu

lol


18 posted on 09/08/2012 2:29:20 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: iowamark
I haven't watched Leno for some time, but as I recall, his monologue has lampooned Democrats and Republicans alike, including some pokes at Obama. Letterman is another story.

And yes, the pay cut won't bankrupt Leno, but at least he is making some gesture of sacrifice...as opposed to Obama, who told the American people at his Inauguration that they would all have to sacrifice...while he takes lavish trips and plays golf on the taxpayers’ dime.

19 posted on 09/08/2012 2:50:58 AM PDT by fatnotlazy
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To: 4rcane

If their ratings continue to fall they will have to outsource the show from India or China. ;-)


20 posted on 09/08/2012 3:26:22 AM PDT by Average Al (The Democrat party is a free range zoo.)
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To: iowamark

I never thought Letterman was funny, but I am disappointed that Leno is a lefty. As a car guy I would think he had a logical mind that would preclude him being a Dim.


21 posted on 09/08/2012 3:47:28 AM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: iowamark

Leno may want to reconsider this move; it’s a little difficult to see how he’s going to be able to pay his bills on only fifteen million a year...


22 posted on 09/08/2012 3:49:59 AM PDT by Jack Hammer
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To: 4rcane

Well, look at it this way: Jay gave himself a tax cut by cutting out 15M of his salary.


23 posted on 09/08/2012 4:10:50 AM PDT by AFreeBird
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To: iowamark

“No mention of Leno and Letterman’s radical Left politics are hurting their ratings.”

No kidding. I’m betting they’re completely clueless that they’ve alienated over half their audience. That’s the danger of living in a liberal echo chamber like these guys do.


24 posted on 09/08/2012 5:34:57 AM PDT by LaserJock
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To: iowamark
Letterman and Leno—wake up and say, 'It's time for us to exit gracefully.'"...

That time was about 10 years ago for Letterman.

25 posted on 09/08/2012 5:41:13 AM PDT by DManA
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To: iowamark

You can bet his accountants made sure this cut in salary was got classified to ensure he gets a huge tax benefit.

Meanwhile he can also ride his Harley back and forth to work to save money.


26 posted on 09/08/2012 5:56:16 AM PDT by RetSignman (Posting from the fringe and I like it like that.)
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To: iowamark

In all fairness, Leno does tend to mock Dems quite often...moreso than Letterman. I am sure Leno hears about that from his super-liberal wife. Leno goes about 60-40 w GOP-DNC jokes....when Letterman is about 99-00

Leno has always banked his Tonight Show salary....as he makes 10-15 million per year on his nightclub appearances he does on weekends and off-weeks. He can afford the Tonight Show cut

You can bet douchebag Conan O’Brien would have never accepted such a cut if he was still doing the TS


27 posted on 09/08/2012 5:59:32 AM PDT by SeminoleCounty (The DNC Convention is like the Nuremburg Rallies for non-white folks)
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To: iowamark

$70 million a year for a camera, a studio and some writers? (I subtracted Jay’s $30 mil from the original $100) I could do it for half that if they let me keep half the difference.


28 posted on 09/08/2012 6:11:12 AM PDT by Pete (29thday.org Exponential problems require exponential solutions)
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To: iowamark

Down to $15 million a year? Maybe that will help him lose some weight! But,alas,the daily washing and waxing of his 215 classic cars might have to be cut back to every other day.


29 posted on 09/08/2012 6:33:39 AM PDT by Gay State Conservative (Voter ID Equals "No Representation Without Respiration")
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To: iowamark

Last year, ABC executives decided the daytime soap opera was dead and pulled the plug on long time favorites All My Children and One Life to Live after decades on the air. I believe the days of the night time talk show are over as viewers are weary of hearing the wealthy elitists sit around and discuss their inane lives while real Americans are struggling. Working folks are exhausted from the stresses of their jobs and the unemployed truly have no stomach for watching the arrogance of these people laughing about their movie filming stories or extravagant parties. Kids don’t want to watch the old farts drooling all over themselves either. If they want to save some money they should cancel the shows altogether and air something that people would rather watch like fifties tv show reruns.


30 posted on 09/08/2012 6:53:42 AM PDT by erkyl (We hang the petty thieves and appoint the great ones to public office --Aesop (~550 BC))
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To: erkyl
I believe the days of the night time talk show are over as viewers are weary of hearing the wealthy elitists sit around and discuss their inane lives while real Americans are struggling.

Carson was excellent.I often stayed up to watch him.Letterman used to be OK but I seldom saw him because his show was on so late.Today,I wouldn't give Letterman *or* Leno the right time of day.In fact,apart from the NFL I can swear that I *never* watch the networks today.

Never!

31 posted on 09/08/2012 7:33:10 AM PDT by Gay State Conservative (Voter ID Equals "No Representation Without Respiration")
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To: iowamark

Previously Jay Leno was bemoaning how many staffers he had to cut.

He doesn’t live off the Tonight Show money. He saves that for retirement. He’s worth about a billion. The day to day expenses in his life (not the show’s) reportedly come from his live appearance gigs.


32 posted on 09/08/2012 8:51:14 PM PDT by a fool in paradise (The guy who was going to stop the rise of the oceans now can’t even fend off a few raindrops.)
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