Date: 21st September 2000

Walter's becomes Highest-Paid News Personality

ABC News has agreed to pay Barbara Walters $12 million per year over the next five years, making her the highest-paid news personality on television, according to published reports.

The deal calls for her to continue hosting the Friday edition of ABC's 20/20 as well as producing and occasionally contributing to the afternoon talk show The View.

However, the number of celebrity interview specials will be cut to two, one of which will take place in connection with the annual Academy Awards telecast.

Source: Studio Briefing