5 April 2013 12:09 PM, PDT | Studio Briefing - TV News | See recent Studio Briefing - TV News news »
NBC agreed to pay Jay Leno $15 million as a “sweetener” to encourage him to step down in February as host of the Tonight show and allow Jimmy Fallon to take over, the New York Daily News reported on Thursday, citing unnamed industry sources. Leno’s current contract expires in September, but NBC reportedly wanted to make the changeover in February so that it could be promoted during its coverage of the Winter Olympics. While the pay-off sounds steep — it’s comparable to what Leno earns yearly to host the late-night show — it is well known that Leno banks all of »
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