SHOCK: The “Tonight Show” lays off 20 staffers and Jay Leno takes a pay cut to save jobs. Who knew they were struggling to that degree.Deadline Hollywood reports producers were forced to take pay cuts or lose their jobs and Leno took what is being described as a “tremendous” pay cut to “save as many people’s jobs as he could.” The Tonight Show is the #1 late night talk show in both households and demographics, except for some anomalies when Leno does get beaten, Deadline Hollywood reports.
“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.”
Leno’s new salary is reportedly $27M-$30 million a year. He reportedly brings home another $15M-$20M a year from his other gigs. Source: Deadline Hollywood