×
You will be redirected back to your article in seconds

Katie Couric Is Exiting as Yahoo’s Global News Anchor

Katie Couric is departing Yahoo as its global news anchor and will end her regular interview segments, a move that comes after Verizon completed its $4.5 billion takeover of the internet company last month.

Couric, hired with great fanfare in 2013 by then-Yahoo CEO Marissa Mayer, will continue to work with Oath — the new Verizon division that consolidates AOL and Yahoo — on a project basis. Some of the Yahoo shows she was a part of, such as “Cities Rising” and “Now I Get It,” will continue on Yahoo News.

“Over the last four years, Katie has created a vast portfolio of work that has been equal parts inspiring, thought-provoking and fun to watch,” an Oath rep said in an emailed statement. “We’re proud of everything she has accomplished and look forward to exploring ways to work together in the future.”

The news that Couric was leaving Yahoo was first reported by Recode’s Kara Swisher. According to the report, Couric’s contract expired in March and was renewed through June, whereupon she decided to shift to a project-based relationship with Oath.

When Couric re-upped with Yahoo in 2015, she reportedly received $10 million per year in cash and stock, up from $6 million when she first signed in 2013.

Mayer’s big bet on hiring of Couric was supposed to jump-start Yahoo’s bigger foray into video, which included the company picking up and funding several bigger-budget original series. But the strategy never gained traction, and Mayer pulled the plug on the video effort to focus on bulking up Yahoo’s search business.

Couric previously had a long career in TV, having anchored the CBS Evening News and NBC’s “Today.” Her jump to Yahoo was viewed by some observers as a reflection of the growing importance of internet video in the media landscape. But Couric never seemed to break back into the zeitgeist while at Yahoo News, where she interviewed newsmakers and celebs ranging from Edward Snowden to Sen. Lindsey Graham and from Gal Gadot to Sherry Lansing. While at Yahoo, Couric remained a special contributor to ABC News.

With Verizon’s closing of the Yahoo acquisition last month, Mayer — as expected — left the company. Oath is run by Tim Armstrong, formerly CEO of AOL.

More Digital

  • Vaccination

    YouTube Yanks Ads From Anti-Vaccination Conspiracy Channels

    YouTube, under fire for facilitating the spread of conspiracy theories and other misinformation, said it will no longer serve ads on channels that espouse anti-vaccination rhetoric. The Google-owned video giant cited its advertising policy that bans “dangerous and harmful” content from eligibility in its monetization program. “We have strict policies that govern what videos we [...]

  • Evan Williams, Twitter founder (R) and

    Twitter Co-Founder Evan Williams Steps Down From Company’s Board

    Twitter co-founder Evan “Ev” Williams is stepping down from the company’s board, Twitter announced in a SEC filing Friday afternoon. Williams will depart from the board at the end of this month, according to the filing. “It’s been an incredible 13 years, and I’m proud of what Twitter has accomplished during my time with the [...]

  • Facebook Logo

    Facebook Shuts Down Controversial Ovano VPN App

    Responding to a continued backlash over its data collection practices, Facebook pulled the plug on its Ovano VPN app Friday. Ovano, which promised users an added level of privacy while using public Wifi hotspots, was used by Facebook for market research purposes. Facebook removed the app from the Google Play store Friday, and the company [...]

  • Smosh

    Smosh Acquired by Rhett & Link's Mythical Entertainment

    UPDATED: Smosh, the long-running YouTube comedy brand, has been acquired by Mythical Entertainment, the company formed by Rhett & Link, hosts of comedy show “Good Mythical Morning.” As first reported by Variety last week, Mythical emerged as the leading candidate to buy Smosh, which was left stranded after parent company Defy Media shut down without [...]

  • China Video Streaming Giant iQIYI Loses

    Chinese Video Giant iQIYI Loses $1.3 Billion in 2018

    Chinese video streaming firm iQIYI lost over $1.3 billion in 2018, as revenues and subscriber numbers ballooned. The deepening losses reflected ever higher spending on original content production. Announcing its first full-year financials since a March IPO that launched it onto the NASDAQ, iQIYI said that it lost $1.3 billion (RMB9.1 billion) last compared with [...]

  • Roku headquarters

    Roku Aims to Top $1 Billion in Revenue in 2019, Beats Holiday Quarter Earnings Expectations

    Roku wants to become a billion-dollar company in 2019, and invest more in its ongoing international expansion. The streaming-device maker told investors on Thursday that it expects to generate between $1 billion and $1.025 billion this year, and that international growth was one of its key investment areas for 2019. Roku made these announcements as [...]

More From Our Brands

Access exclusive content