2-year deal sealed for ‘Rivera Live’

Geraldo Rivera has signed a two-year deal to continue hosting “Rivera Live” for CNBC.

Sources say the new cable deal provides the host of the syndicated “Geraldo” with a 50% raise in his minimum annual salary, which will jump to $750,000 from $500,000. If Rivera reaches certain incentives, the value of the pact could reach a maximum of $1 million per year (the previous cap was $750,000).

The CNBC deal was cemented after Rivera and “Geraldo” syndicator Tribune Entertainment Co. nixed a plan to take a version of the critically acclaimed one-hour latenight show into syndication.

The biggest stumbling block to syndication was Rivera’s insistence that the show start in January – when his CNBC deal was set to expire- rather than fall 1996. The talkshow host apparently did not want the issues-oriented program off the air for nine months.

With the Fox-New World programming deal tying up late night on Fox Broadcasting and the Fox O&Os, TEC wanted to hold off until fall ’96. Then it could have gone after one-hour latenight timeslots filled by the new Disney talker “Stephanie Miller.”

OJ.: The Telethon?

If O.J. Simpson walks, Hollywood producers are buzzing about the possibilities. The scenario making its way around town: a pay-per-view special – which should raise more than enough to cover all the legal bills – followed by the book and finally, O.J.: The Talkshow.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety