Katie Couric’s Talk Show has been cancelled after only two seasons, according to a Dec. 19 USA Today report. Couric’s hyped syndicated daytime talk show launched in September 2012, and aired on ABC. The host and the Disney/ABC Television Group announced the decision to end the show, and thanked everyone for their contribution to its success.
“While production will continue on Katie through June 2014, we've mutually agreed that there will not be a third season of the show. We're very proud of everyone's contributions to making Katie the No. 1 new syndicated talk show of 2012-2013, and we look forward to the rest of the season.”
The Los Angeles Times reports that ratings for the show never hit the high marks that Couric expected. “Kate” averaged approximately 2.2 million viewers per episode, which failed to sustain Couric’s $20 million two-year deal.
According to the New York Daily News, insiders noted that the problem was more related to “the economics of the deals that got ‘Katie’ on the air in the first place,” and less with the ratings. The show reportedly cost $50 million to produce in 2012, with the production budget fallinig to $35 million for the second season.
Fans need not shed tears for Couric’s show demise. The anchor has a new role as “Global Anchor” for Yahoo, where according to a New York Daily News source, she will be paid an annual salary of $6 million.