Matt Lauer Will Not Receive a Payout From NBC

Matt Lauer Will Not Receive a Payout From NBC

The expected monetary compensation was based on the fact that Lauer was paid around $20 million a year to cohost the Today show.

Lauer's contract was believed to expire in late 2018. Their headline read "Lauer's lawyers trying to get him $30M payout after firing".

The longtime Today show co-host, and brightest star in the NBC News firmament, has said in a statement that he has "no words to express my sorrow and regret" as well as Lauer's pain and embarrassment. However, the New York Post indicated that it extended through the first half of 2019, leading to the $30 million figure. But the source said the network will not agree to any payout.

These sorts of issues sometimes end up in arbitration or court, but are usually settled privately.

NY's Metropolitan Opera to investigate James Levine after sex abuse claim
Details of the police report were first reported Saturday on the website of the New York Post . He was music director of the Metropolitan Opera for 40 years and now is director emeritus.

News President Noah Oppenheim and Chairman Andy Lack were among the executives who questioned Lauer.

Subsequent reports in Variety and the New York Times cited multiple sources who claimed that Lauer has engaged in a pattern of sexually predatory behavior over the years, including allegedly exposing himself to a female employee and having sex with another in his office who felt helpless to acquiesce. The first story leaked on Monday night, with a woman accusing him of abuse that started in 2014.

"A team of the most experienced NBC Universal Legal and Human Resources leaders have begun a thorough and timely review of what happened and what we can do to build a culture of greater transparency, openness and respect for each other", Lack said.

21st Century Fox was widely criticized for paying former Fox News chairman Roger Ailes when he resigned under pressure amid a sexual harassment scandal previous year. The Hollywood Reporter claims that because of morality clauses in the contract, NBC will not have to shell out the desired millions.

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