Hoda Kotb, after 20 years as an anchor on NBC’s ‘Today’ show, announced her departure in September 2024. Her last day on the job will be January 10, 2025. Kotb, who has been with NBC for 26 years, revealed her decision to leave in a memo to staff, which she also read on air. She cited her 60th birthday as a pivotal moment, expressing a desire to spend more time with her family. However, reports suggest that salary negotiations played a significant role in her decision. Kotb was reportedly earning over $20 million per year, a figure comparable to her co-anchor Savannah Guthrie and former co-anchor Matt Lauer, who made $25 million. Industry-wide cuts have led to a reevaluation of such high salaries, with NBC executives indicating that these contracts are no longer justifiable. Craig Melvin, with over 14 years at NBC News, will replace Kotb. Despite the salary issues, Kotb has maintained a positive relationship with her co-workers during her final weeks. She plans to remain part of the NBC family, though her future role is unspecified.
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