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Katie Couric to Join ABC

Bidding War

After being courted by CBS, CNN, and NBC.

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Sipa / AP Photo

Although her old network NBC reportedly made a strong effort to woo her, Katie Couric, the former anchor of The CBS Evening News, is set to announce that she will be joining ABC on Monday, reports The New York Times. Couric was in high demand, being courted by top media executives Leslie Moonves of CBS, Steve Burke of NBC, Jeff Bewkes of Time Warner (CNN), and Disney’s Bob Iger (ABC). Couric will host a syndicated talk show, and while details of the deal with ABC have not been disclosed, as a co-owner of the show, Couric will share in the profits. A chief negotiator in the talks told the Times, “We all know what we’re looking at with a successful syndicated show—$100 million to $300 million a year” in revenue, which could mean tens of millions of dollars per year for Couric.

Read it at The New York Times