Lauer has not publicly commented on the firing. NBC did not immediately return a request for comment. The news of Kn firing comes on the heels of several other high-profile sexual misconduct scandals involving rich and powerful men, including the Hollywood producer Harvey Weinstein and Lauer’s fellow TV hosts Charlie Rose and Bill O’Reilly. But there are reasons to believe Matt Lauer’s net worth is much higher. Lauer has enjoyed a wealthy lifestyle over the years. Nearby, Matt and Annette also own a mayt, world-class horse-training facility, Bright Side Farm, where they keep their horses and board the horses of wealthy clients in oversized stalls. Matt Lauer’s first job was at a clothing store in Greenwich, Conn.
Questions have been swirling about the possibility because the New York Post published a story on Thursday that said Lauer’s lawyers have been angling to get him a payout. Lauer’s contract was believed to expire in late The senior NBC News source did not dispute that Lauer’s attorneys might hatch a plan to get him paid. But the source said the network will not agree to any payout. Television news contracts typically include a morals clause, giving a network some flexibility to fire a high-priced anchor for cause. These sorts of issues sometimes end up in arbitration or court, but are usually settled privately. Two people close to Lauer expressed doubt that he would play hardball with his former network. He has multiple properties and investments.
4. Lauer’s replacement earns a salary in line with these other hosts
While the optics of the financial arrangement have spurred a very worthwhile and necessary discussion about compensation parity among men and women in the media business, the simple fact is that Kotb is being treated much like almost any other anchor or host who takes over a coveted and long-held post on a venerable TV program. TV networks often see opportunity in such transitions, because it typically means a cutback in salary outlay. The economics of the business no longer support it. Viewers are getting their news from dozens of new outlets, and many broadcast-news mainstays have experienced viewer erosion of the last several years. In the U. To be sure, there have been and always will be exceptions. Fox News is known to pay its top stars salaries well above some industry standards, however, and NBC had to cough up attractive terms at a time when Kelly was holding exploratory talks with several news organizations. Salaries grow the longer a person stays in a particular position. Anchors and hosts need to prove staying power and show they are a ratings draw.
Lauer became co-anchor of Today in January after three years as the program’s newsreader. A day after his termination, Lauer issued a statement saying he is «truly sorry» and feels «sorrow and regret for the pain I have caused others by words and actions. The media personality has spent some of that on significant real-estate holdings. Strongheart Manor, as the property is known, encompasses 6. Another home Lauer owns in nearby Sag Harbor, with gardens by landscape architect Miranda Brooks, has been listed since last year. Since Lauer’s termination, it’s emerged that New Zealand regulators are reviewing whether his behavior violates the country’s «good character» requirement for foreign investors. Lauer is the just one high-profile media figure to be brought down by allegations of inappropriate sexual behavior. PBS also parted ways with Rose.
Matt Lauer’s firing makes Megyn Kelly NBC’s new highest-paid anchor
But what were the allegations against him and what is he up to these days? Here’s what we know. Lauer, who was helicoptered to work in Manhattan from his mansion in The Hamptons at the height of his powers, was one of the most high-profile figures in American television before his fall from grace. He has also previously been accused of having a secret button installed under his desk, allowing him to lock women in his office, presenting a colleague with a sex toy at her leaving drinks, and flashing a co-worker. In the latest allegation Ms Lonner told colleagues that at the time, Lauer had asked her to leave a work event, where both had been at NBC headquarters at 30 Rockefeller Center in Manhattan, to join him in the office, Page Six reports. This is not good. Since his firing from the Today show in November , Lauer is reportedly spending a lot of time in his Hamptons house, where he’s been staying quiet and «focused on family. Lauer and his wife of almost 20 years, Annette Roque, filed for an uncontested divorce in July of , Page Six reported. Matt Lauer fought to get Pippa Middleton a job at NBC — and even arranged for her to do an «excruciating» test shoot, it was revealed today. The former Today Show anchor — at the centre of rape allegations by ex producer Brooke Nevils — wanted Pippa to become a regular contributor.
Matt Lauer’s contract called for him to be paid tens of millions of dollars. But NBC doesn’t expect to pay it now that he’s been fired.
Matt Lauer was born December 30, He was also a contributor for Dateline NBC. Matt Lauer began his television career in as a producer on a midnight news show in West Virginia. By he had become a reporter on the 6pm and 11pm newscasts and also hosted PM Magazine from He began working for The The Today Show as a fill in from In he was brought on as a full time news anchor while still hosting Today in New York and Live at Five. On November 29, , Lauer was suddenly fired from The Today Show after NBC received credible reports of inappropriate sexual conduct in the workplace. He lost his entire career and reputation and his wife soon filed for divorce. Matt Lauer was married from to a television producer, but the marriage ended in divorce. He dated another television newscaster, Kristen Gesswein, until , and in he married a Dutch model, Annette «Jade» Roque. The two briefly separated during Roque’s third pregnancy in , but they reconciled their differences after Roque initially filed for divorce. Celebrity Net Worth.
The Today Show recently replaced Matt Lauer with former co-star Hoda Kotb, and the internet has gone bananas over her salary. For once though, the controversy centers around what the morning show host does not make. Lauer used his power in a lot of ways. She was being undermined the whole time. At Todaymoney talks. The New York Times looked carefully at transitions between staff members at Today and found some interesting patterns.
Research showed that viewers preferred meeting new talent on the air before they took the top slot. As Variety explainsit does not necessarily come as a surprise that Kotb will earn less than Lauer.
In other shows, similar trade-offs historically happen. As the industry changes, salaries will likely change. The way consumers get their news makes an impact, experts discovered. Next: The digital-first media cuts into profits, even for big networks. These devices deliver our news more often than the TV.
These days, viewers get most of their news from non-TV sources. That suggests that TV news viewers want to tune in for the news, not the faces reading it. However, two salaries in particular still fall in line with one disturbing trend. As Vanity Fair reportsToday now has two female co-anchors whose combined salaries still do not equal that of their disgraced male counterpart. Based on this estimate, it would take an extra 44 days of work for women to earn what men did in As Variety notesLauer had re-negotiated his contract every few years, which points to how it got so high.
Regardless of the industry, new hires rarely secure the same salary as their departing predecessors. Megyn Kelly still gets a good chunk of change. Fox News pays its top stars salaries well above some industry standards, which means NBC had to draw up attractive terms to draw Kelly.
Her show continues to draw mixed reviews. She has landed the big job she always dreamed of, and most definitely deserves. If things go well, Hoda could ask for more next time if she re-ups her contract.
But the figures underline the huge wage disparity at NBC News. Follow The Cheat Sheet on Facebook! Will NBC continue coddling Lauer?
Matt Lauer Fired: «Today Show» Open
1. Will NBC continue coddling Lauer?
Following allegations of his inappropriate sexual behavior, Lauer’s contract was terminated by NBC in November  laudr NBC reported receiving «a detailed complaint from a colleague about inappropriate sexual behavior in the workplace» and added that the network had «reason to believe this may not have been an isolated incident». My mom is not. So I was not raised. I do feel a desire now to monet something spiritual. Getting married and wanting to have kids has something to do with. Lauer earned his undergraduate degree from Ohio University at age 39 in ; he had studied at the school’s Scripps College of Communication, School of Media Arts and Studies. He had previously dropped out of the same institution in the spring of  to begin his television career, after he was hired as a producer of the noon newscast for WOWK-TV in Huntington, West Virginia. Byhe had become an on-air reporter for the station’s 6 p. He then started to move around the East Coast, hosting a number of daily information and talk programs. Inhe was hired by the Kushner-Locke Company to host a pilot called Day in Courtexecutive-produced by veteran producer David Sams, who helped to launch The Oprah Winfrey Show into national syndication.
How much is Matt Lauer Worth?