Yahoo-Bound Couric Is Officially Off Disney

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

source: http://www.flickr.com/photos/69846552@N06/

Walt Disney Co. (NYSE:DIS) is pulling the plug on Katie Couric’s daytime talk show Katie, but don’t worry, the popular news anchor already has another job lined up. Back in November, we learned that Couric would join Yahoo’s (NASDAQ:YHOO) team in the new year and become the company’s new global anchor, but it was still unclear whether she would continue anchoring Katie or let the show go after two seasons.

In order to permit the move, Disney’s ABC Network let Couric out of an agreement to produce segments only for its news division, but now it has been confirmed that Katie is ending, and reps for Couric and the show’s distributor ABC Domestic Television said in a joint statement this week via NY Daily News, “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 #1 new syndicated talk show of 2012-2013, and we look forward to the rest of the season.”

It isn’t entirely surprising that Katie is ending, as rumors have swirled that drama has been bubbling up behind the scenes between Couric and producers, but the show still enjoyed success after its initial launch in September 2012, and according to Bloomberg, the program drew the largest audience of a daytime talk show since “Dr. Phil” in 2002. Some say that Couric wanted to continue, but now she will put her focus on Yahoo following the completion of Katie’s second season.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business