Matt Lauer was one of the highest compensated journalists on television, but NBC won’t be paying out any of the remaining terms of his contract in the wake of his recent controversial dismissal.
NBC News on Wednesday said it fired the morning-show veteran, citing “inappropriate sexual behavior in the workplace” and setting up potential chaos at its venerable — and very lucrative — “Today” A.M. franchise. Lauer had been a fixture on the program for more than two decades, and served as a connection to morning viewers through several generations. He first joined as a news reader in 1994 before becoming the show’s co-anchor in 1998.
He will not be getting any settlement money, according to two people familiar with the matter. NBC News declined to make executives available for comment. The former “Today” anchor was reportedly making anywhere from $20 million to $25 million a year. His most recent deal with NBC was signed in 2016 and was to have kept him on the network through at least 2018.
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