'The Tonight Show' Lays Off 20 Staffers And Host Jay Leno Takes Pay Cut To Save Jobs

Related: Tonight Show Cuts Latest In Wave Of NBC Layoffs & Cost Trims Imposed By Comcast

SATURDAY UPDATE: Jay Leno’s spokesman has now issued this statement: “Jay’s foremost concern is for the wonderful people who work for The Tonight Show. He did what was necessary to ensure their well-being.”

BREAKING… EXCLUSIVE… FRIDAY 8:30 PM: NBC insiders tell me The Tonight Show went  through “downsizing” today and that 20 staffers lost their jobs. Others tell me the number is more like 25, and producers were forced to take pay cuts or lose their jobs. I’ve also learned that Jay Leno took what is being described as a “tremendous” pay cut to “save as many people’s jobs as he could”. Leno’s Tonight Show is consistently the #1 late night talk show in both households and demographics, except for some anomalies when Leno does get beaten. And that’s despite the fact that the network’s primetime ratings have been dismal for many years or that Leno himself was harshly criticized by the media for that January 2010 standoff with Conan O’Brien. Even so, The Tonight Show has been and still is a cash cow for NBC. So what happened to merit the downsizing? “I don’t think ad sales are off. I just think the people who bought this company, Comcast, wants to go through everything at NBC and get their money back,” an NBC insider tells me. “It’s hard to go through those kinds of cuts. It’s more a network issue than a late-night issue. And I would say that Jay doesn’t get credit for digging out of a gigantic hole every single night. He’s a very valuable guy to NBC and someday everyone will understand that. He does a great job.”

Related: Gabby Douglas & Michelle Obama Give ‘Tonight Show’ A Bump

The downsizing also comes just 5 days after First Lady Michelle Obama appeared as a guest for the third time on The Tonight Show: high unemployment, job creation, and taxing the rich vs the poor all are issues in the 2012 president campaign. Leno has said publicly that he’s able to bank his entire Tonight Show salary and live on the hefty fees he makes from his hectic personal appearance schedule. Leno’s new salary is reportedly $27M-$30 million a year. He reportedly brings home another $15M-$20M a year from his other gigs. (more…)

This article was printed from https://deadline.com/2012/08/tonight-show-lays-off-20-staffers-jay-leno-takes-pay-cut-to-save-jobs-321083/