She’s made her mark on American audiences through her many journalistic endeavors, but now Katie Couric is being recognized for an entirely different gesture. It was recently revealed that the former “CBS Evening News” anchor took a significant pay cut to save her colleagues jobs.
According to a section in James Andrew Miller’s new book “Powerhouse: The Untold Story of Hollywood’s Creative Artists Agency, Couric voluntarily reduced her pay by $1 million to prevent layoffs at CBS.
This information is just coming to light after the book’s release because she asked that there be no “public or private acknowledgment” of the deed. Miller learned about Couric’s act from Alan Berger, a television agent at CAA.
Couric joined the CBS team ten years ago. After three years at the network, the company was struggling and was planning on firing many employees due to budget cuts. Katie met with Sean McManus, the CBS News president, and offered to cut her pay (which was reported to be $15 million a year) to keep the staff, both senior and entry level, on board.
Couric’s track record is filled with good deeds, which include co-founding Stand Up to Cancer to support cancer research after losing her sister and husband to the disease.