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Today fans can rest a little easier knowing that NBC has signed Matt Lauer to a new multiyear contract. A formal announcement will be made during the show on Friday, but Steve Capus, the president of NBC News, confirmed the news on Thursday evening. There had been rumors that Lauer would leave once his contract was up later this year—perhaps to join his former co-host Katie Couric in a syndicated talk show. NBC has watched ABC’s rival program Good Morning America creep up in the ratings, and keeping Lauer was seen by many industry insiders as Today’s key to staying on top.