Yahoo! CEO Marissa Mayer paid big to hold onto its global news anchor, Katie Couric.
The new contract was agreed to, but has not yet been closed. The 58-year-old journalist’s new deal contains a few targets that need to be hit for her to reach the 10-figure pay package. It is a step up from her current deal — valued at $5 million-to-$6 million, according to reports.
Couric, who broke records with a $15 million anchor’s salary at CBS, is represented by CAA’s Alan Berger.
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Couric will continue to host news-making short videos on Yahoo!’s homepage. Since leaving CBS, Couric has developed a syndicated talk show for ABC.