I just saw this quote on BoingBoing from Michael Massing of the Columbia Journalism Review.
Katie Couric’s annual salary is more than the entire annual budgets of NPR’s Morning Edition and All Things Considered combined. Couric’s salary comes to an estimated $15 million a year; NPR spends $6 million a year on its morning show and $5 million on its afternoon one. NPR has seventeen foreign bureaus (which costs it another $9.4 million a year); CBS has twelve. Few figures, I think, better capture the absurd financial structure of the network news.
Pretty unbelievable. Imagine how much actual news CBS could report if they didn’t have to sink all that money into the mouthpiece of the drivel they do report on.