NBC: Jay Leno Took 50 Percent Pay Cut

    BEVERLY HILLS, CA - APRIL 29: Television host Jay Leno speaks during the Feminist Majority Foundation's Fifth annual Global Women's Rights Gala at the Beverly Hills Hotel on April 29, 2009 in Beverly Hills, California.  (Photo by Frederick M. Brown/Getty Images) *** Local Caption *** Jay Leno

    Frederick M. Brown / Getty Images (FILE)

    Funny guys finish last. New information emerged Friday regarding Jay Leno’s mid-August pay cut, widely circulated in the media.  According to a detailed report from NBC, the Tonight Show host took a whopping 50 percent cut in his salary—part of an attempt by the network to reduce the show’s enormous $100 million budget. NBC’s entertainment chief, Robert Greenblatt, explained that the show—while still lucrative—simply is not “the cash cow it was in the Johnny Carson days." Still, with a starting salary of $30 million per year, the $15 mil is probably enough to keep the six-foot comedian good and happy.

    Read it at The Wall Street Journal