This reminds me of those horrible deals some baseball owners make, signing mediocre pitchers who had like one great season to longterm deals and then the deal immediately goes bust due to injury or the fact that they were never that good in the first place. Except that Katie Couric never had one good season before the dumb suits at CBS signed her to that ludicrous $65million deal, so they have no one to blame but themselves for the fact that Couric, whose gotten by on her looks and gender for her entire career, has been a miserable failure at their network:
After two years of record-low ratings, both CBS News executives and people close to Katie Couric say that the "CBS Evening News" anchor is likely to leave the network well before her contract expires in 2011 -- possibly soon after the presidential inauguration early next year.If this turns out to be true, all I have to say is good riddance, but hey with all those millions at her disposal at least Couric won't have any problem staying perky.
Ms. Couric isn't even halfway through her five-year contract with CBS, which began in June 2006 and pays an annual salary of around $15 million. But CBS executives are under pressure to cut costs and improve ratings for the broadcast, which trails rival newscasts on ABC and NBC by wide margins.
Her departure would cap a difficult episode for CBS, which brought Ms. Couric to the network with considerable fanfare in a bid to catapult "Evening News" back into first place. Excluding several weeks of her tenure, Ms. Couric never bested the ratings of interim anchor Bob Schieffer, who was named to host the broadcast temporarily after "Evening News" anchor Dan Rather left the newscast in the wake of a discredited report on George W. Bush's National Guard service.