(NEW YORK) — Jay Leno agreed to a pretty big hit in some austerity measures aimed at The Tonight Show — to the tune of half his salary, according to a Wall Street Journal report.
It had widely been reported that The Tonight Show with Jay Leno recently laid off about 20 staffers and Leno himself took a pay cut, but just how deep the scissors cut wasn’t known until now.
The Journal says Leno agreed to a $15 million a year cut in an effort to trim the show’s budget and save other jobs. At the same time, Leno re-upped his contract to stay with the show for another two years.
Leno’s new salary will be $15 million a year, the paper notes; his halving his annual paycheck reportedly slashed the show’s budget by 20 percent.
Copyright 2012 ABC News Radio
Frank Pallotta, CNN
Brett Crandall, BYU-Idaho Communications
Sandra Gonzalez, CNN