Katie Couric to Join Yahoo, Leave ABC News

Your News Companion by Ben Mathis-Lilley
Nov. 23 2013 12:05 PM

Katie Couric to Join Yahoo, Leave ABC News

187704899
Katie Couric speaks onstage at Glamour's 23rd annual Women of the Year awards on November 11, 2013

Photo by Larry Busacca/Getty Images for Glamour

Katie Couric is reportedly in the final stages of negotiations to get out of her three-year contract with ABC News in order to take up an offer to create news programming for Yahoo. The Hollywood Reporter was first to break the news, but several outlets later confirmed that Couric will likely be the next big name to join Yahoo as the company seeks to boost its web media presence. Yahoo CEO Marissa Mayer reportedly personally wooed Couric, who would host her own streaming video interview show on the web portal, according to the Washington Post.

The deal is likely to be formally announced early next week, reports Bloomberg. Couric wants to continue hosting her daytime show Katie, but needs to get out of a three-year contract with the news division that states she can only produce segments exclusively for the network. Leaving her contract at ABC News would still allow Couric to hold on to her weekday show but the network still has not decided whether to renew Katie for a third season. Although the show gets good ratings it has significantly high costs, reports the New York Times.

Advertisement

It seems ABC won’t put up much of a fight. “Katie is an incredible journalist and this was an opportunity that she couldn’t pass up,” an ABC executive tells several outlets, including The Wrap. “Thanks to the powerful association between ABC News and Yahoo we know that Katie will continue to work closely with us and welcome her on our air anytime.”

Daniel Politi has been contributing to Slate since 2004 and wrote the "Today's Papers" column from 2006 to 2009. You can follow him on Twitter @dpoliti.

TODAY IN SLATE

Foreigners

More Than Scottish Pride

Scotland’s referendum isn’t about nationalism. It’s about a system that failed, and a new generation looking to take a chance on itself. 

What Charles Barkley Gets Wrong About Corporal Punishment and Black Culture

Why Greenland’s “Dark Snow” Should Worry You

Three Talented Actresses in Three Terrible New Shows

Why Do Some People See the Virgin Mary in Grilled Cheese?

The science that explains the human need to find meaning in coincidences.

Jurisprudence

Happy Constitution Day!

Too bad it’s almost certainly unconstitutional.

Is It Worth Paying Full Price for the iPhone 6 to Keep Your Unlimited Data Plan? We Crunch the Numbers.

What to Do if You Literally Get a Bug in Your Ear

  News & Politics
Weigel
Sept. 16 2014 7:03 PM Kansas Secretary of State Loses Battle to Protect Senator From Tough Race
  Business
Moneybox
Sept. 16 2014 4:16 PM The iPhone 6 Marks a Fresh Chance for Wireless Carriers to Kill Your Unlimited Data
  Life
The Eye
Sept. 16 2014 12:20 PM These Outdoor Cat Shelters Have More Style Than the Average Home
  Double X
The XX Factor
Sept. 15 2014 3:31 PM My Year As an Abortion Doula
  Slate Plus
Slate Plus Video
Sept. 16 2014 2:06 PM A Farewell From Emily Bazelon The former senior editor talks about her very first Slate pitch and says goodbye to the magazine.
  Arts
Brow Beat
Sept. 16 2014 8:43 PM This 17-Minute Tribute to David Fincher Is the Perfect Preparation for Gone Girl
  Technology
Future Tense
Sept. 16 2014 6:40 PM This iPhone 6 Feature Will Change Weather Forecasting
  Health & Science
Medical Examiner
Sept. 16 2014 11:46 PM The Scariest Campfire Story More horrifying than bears, snakes, or hook-handed killers.
  Sports
Sports Nut
Sept. 15 2014 9:05 PM Giving Up on Goodell How the NFL lost the trust of its most loyal reporters.