Following Verizon’s acquisition of Yahoo, Katie Couric has ended her tenure as the internet company’s global news anchor, a position she held since 2013.
Couric, 60, the former Today host at NBC and CBS Nightly News anchor, will continue to work on individual projects with Oath, a Verizon division which consists of more than 50 media and technology brands.
“I’m very proud of my time at Yahoo — anchoring live events, political coverage, and breaking news with a team of very talented journalists,” Couric said in a statement provided to USA Today. “Over the past three years, we have produced a wide range of high quality video content that was delivered to millions of viewers.
“I learned some valuable lessons during my tenure, which I will take with me as I continue to create, develop and produce a variety of content for different platforms in this constantly evolving landscape.”
Former Yahoo CEO Marissa Mayer hired Couric after the former anchor’s contract with CBS expired in 2013. Two years later, Couric reportedly renegotiated her Yahoo starting salary from $6 million to $10 million in cash and stock.
Couric’s contract with Yahoo expired in March, but it was extended until June. A source told Page Six there were “discussions to extend to the end of the year, but Couric declined the offer while agreeing to continue to collaborate with Tim Armstrong” who is the CEO of Oath.
“She wants to focus on creating content,” according to the source.
A representative of Oath released a statement about Couric’s decision, saying, “Over the last four years, Katie has created a vast portfolio of work that has been equal parts inspiring, thought-provoking and fun to watch. We’re proud of everything she has accomplished and look forward to exploring ways to work together in the future.”
Couric currently hosts a podcast which features interviews with notable people in news, politics and pop culture, and produces Scraps, a cooking and travel series broadcast on the FYI network.
— Katie Couric (@katiecouric) July 28, 2017
Couric is also developing a show with Netflix based on the ProPublica article An Unbelievable Story of Rape, and six one-hour specials with National Geographic, where she did a recent project addressing the gender revolution.
In May, a judge dismissed a $12 million lawsuit filed against Couric and the director of the Under the Gun documentary by a Virginia gun club whose members claimed that they were defamed by Couric, director Stephanie Soechtig and others associated with the film.
While the claim was dismissed, Couric apologized to those who sued her, saying that the way in which a question she posed to the group was edited gave the appearance that the respondents did not have a good answer to her inquiry.
“I take responsibility for a decision that misrepresented an exchange I had with members of the Virginia Citizens Defense League,” Couric wrote last year. “My question to the VCDL regarding the ability of convicted felons and those on the terror watch list to legally obtain a gun, was followed by an extended pause, making the participants appear to be speechless. I regret that those eight seconds were misleading and that I did not raise my initial concerns more vigorously.”
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