Hoda Kotb has been officially announced as the new co-host of NBC’s TODAY earlier this week, she has landed a lifetime job, but the salary is “not even close” to her famous predecessor’s.
The viewers and colleagues applauded the veteran journalist for assuming the high profile job. However, the fans were eagerly waiting to see who would replace Matt Lauer after who is being accused of sexual misconduct by several women. The network had fired him in November. Many viewers wondered if Lauer and new co-anchor’s salary would match, but the answer is clearly “no.”
Kotb isn’t making “Matt Lauer money. Not even close,” she confirmed to PEOPLE, while her famous predecessor was reportedly earning $20 million from his most recent two-year contract.
Kotb told the publication of potentially similar figures, “The answer is no—that’s not happening.”
“For either of us,” Guthrie added.
The salary of Kotb has not been revealed but for her, it’s not about the money at all. She explained to the publication, “I know it sounds ridiculous that I’m going to say this, but I really have done jobs I liked for the job I liked because I never wanted to be happy every other Friday on pay day. Like, I didn’t want that to be the happy day.”
She has been a longtime employee of NBC, she has been spent two decades at the network, Kobt is filled in for absent hosts in the earlier hours of TODAY in the recent years, she also continued as a co-anchor in the fourth hour with Kathie Lee Gifford. She even headed to Brazil for TODAY‘s 2016 Summer Olympics broadcasts.
In an email to staff on Tuesday, NBC News Chairman Andy Lack said, “Over the past several weeks, Hoda has seamlessly stepped into the co-anchor role alongside Savannah, and the two have quickly hit the ground running.”
“They have an undeniable connection with each other and most importantly, with viewers, a hallmark of Today.”