Funnyman Jay Leno has accepted a paycut to spare more staff from being fired as Comcast cuts workers to trim expenses.
Paycuts will affect approximately 10 percent of the roughly 200 people employed by television’s top-rated late-night program. NBC Universal is trying to improve its financial performance under the ownership of Comcast Corp, which bought the entertainment company last year.
Leno had been making between $25 million to $30 million a year, but has agreed to a reduced salary about $20 million. Leno also brings in income touring as a stand-up comedian.
Bruce Bobbins, a spokesman for Leno:
“Jay’s foremost concern is for the wonderful people who work with him at The Tonight Show. He did what was necessary to ensure their well-being.”
David Letterman, the host of CBS’ Late Show, accepted a similar paycut in 2009.