Jay Leno might not be as bad as Howard Stern thinks. Leno is still one of the wealthiest men in late-night courtesy of his contract with NBC; however, he may not be taking in the sort of cash as he once was.
On Friday, a spokesperson for NBC confirmed a recent report from the Wall Street Journal that Leno took a massive pay cut of 50% in order to save the jobs of many of his staffers. As the Journal reported he will now make around $15 million a year as the host of the Tonight Show. The show ended up still losing around 20 members of his staff in total, and the budget is now around $80 million.