Jay Leno takes 50% ‘Tonight Show’ pay cut: Report

Jay Leno is still one of the wealthiest men in late-night courtesy of his contract with NBC; however, he may not be pouring in the sort of cash as he once was.

On Friday, a spokesperson for the network confirmed a recent report from the Wall Street Journal that Leno took a massive pay cut of 50% in order to save the jobs of many of his staffers. The site reported that he will now make around $15 million a year for his services on the show. The show ended up still losing around 20 members of his staff in total, and the budget is now around $80 million.

This move has definitely been a hot topic among many in the entertainment community, and Leno himself has even come under fire for allowing some of his staff members to be cut. (Howard Stern in particular slammed the host, which is something that he has done a number of times before in the past.) Could Leno have taken even more of a cut? We’re not in a position to say, but even if he did we are not sure he would still be able to save the jobs of some of his staffers. The reason for this move reportedly had to do with “The Tonight Show” continuing to stay on a primetime budget even after the failure of the show to succeed at 10:00 p.m. Eastern time. It is still the most-watched show in late-night in total viewers, even if you people over the past several years have moved more to such other shows as “The Daily Show with Jon Stewart,” “Conan,” and “Chelsea Lately.”

What do you think about Leno taking a 50% pay cut, and do you think that he did enough to save jobs based on the information given? If you want to hear Jimmy Kimmel’s thoughts on this story, be sure to visit the link here.

Photo: NBC

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