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By Allana Akhtar
January 3, 2018
Savannah Guthrie and Hoda Kotb
Savannah Guthrie and Hoda Kotb
NBC—NBCU Photo Bank via Getty Images

Hoda Kotb is taking Matt Lauer’s spot on the Today show, but she won’t be taking her predecessor’s multi-million dollar salary.

NBC will give both Kotb and her co-anchor Savannah Guthrie significantly lower salaries than that of the recently fired Lauer, the veteran journalists revealed to People.

“The answer is no—that’s not happening,” Kotb told the celebrity magazine. “I’m not making Matt Lauer money. Not even close.”

Guthrie said she wouldn’t be making as much as Lauer either.

Lauer, who was fired from NBC in November for “inappropriate sexual behavior in the workplace,” reportedly signed a $20 million contract in 2016. The female duo, meanwhile, will be making just $7 million a year each, anonymous NBC sources told Page Six.

Kotb and Guthrie are the first female duo to host the Today show. It’s been a major year for other women in media as well. After Lauer’s departure, two out of the three highest-paid TV anchors are women: Good Morning America’s Robin Roberts and NBC’s Megyn Kelly.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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