The recession is finally taking it’s toll on the talk show queen!
If Oprah decides to renew her distribution deal with CBS Television in 2011, she may be seeing a smaller paycheck! TV stations have had it with Harpo’s large price tag that comes with the rights to air the daytime talk show.
Variety explains:
├óΓé¼┼ôStations have made it clear to [Winfrey’s production company] Harpo that if she does come back, they├óΓé¼Γäóll significantly reduce the license fees they pay. Station revenues are down 40 percent to 50 percent, but they├óΓé¼Γäóre paying license fees projected on revenue remaining the same. Plus, her ratings are going down. She├óΓé¼Γäós still the queen, but that├óΓé¼Γäós an enormous problem.├óΓé¼┬¥
Ouch!
But will Oprah even notice a pay decrease? She’s got millions upon millions in the bank!
[Image via AP Images.]