NBC is about to compensate millions of dollars to Billy Bush to stop hosting a 9 a.m. hour of “Today” show.
The ungainly arrangement is a outcome of a leaked 2005 “Access Hollywood” videotape display Bush and Donald Trump creation licentious and intimately assertive remarks about women.
Negotiations between Bush and NBC are ongoing and “productive,” Bush’s counsel Marshall Grossman told CNNMoney on Saturday.
Bush’s exit from NBC could be announced as early as Monday, another chairman with believe of a negotiations said.
Grossman released a matter on Friday night to hit down a Page Six report that Bush is “likely to get a $10 million pile allotment from NBC.”
Grossman responded, “There are news reports that a $10M allotment has been reached between Billy Bush and NBC. That news is false.”
He added, “There is no $10M agreement and that volume has not been discussed.”
The New York Daily News subsequently reported a $9 million figure.
Grossman pronounced on Saturday, “The negotiations are prolific in relocating a parties divided from lawsuit to resolution. Obviously there is some-more to be finished before all of a terms of an agreement are reached and documented.”
NBC declined to comment.
The remuneration could infer to be a serve annoyance for a network.
“Everyone is so insane that he’s removing paid,” a high-ranking “Today” uncover staffer said. But a morning uncover is a distinction engine, and “he’s another chairman paid to go divided to keep a sight moving.”
NBC might have small choice though to compensate Bush many millions of dollars. In a difficult universe of radio attention contracts, networks are mostly thankful to compensate stars even if a person, like Bush, is benched.
Bush’s agreement was reportedly value upwards of $3 million a year for a subsequent 3 years. He assimilated a 9 a.m. hour of a “Today” uncover only a integrate months before a videotape was revealed.
NBC executives have pronounced that “Access Hollywood” and NBC News were both operative on stories about a fasten when it was leaked to a Washington Post on Oct 7.
Once a fasten was out, executives eventually motionless that Bush could not lapse to “Today.”
Given Bush’s discouraging comments on a tape, NBC might have attempted to plead what is famous as a “morals clause” in a bid to cancel him.
Negotiations began progressing this week. Bush hired Grossman — a high-profile Los Angeles litigator — and signaled that he was peaceful to fight.
“We were scheming for battle,” Grossman told Page Six during one indicate on Friday, “but currently we are scheming for settlement.”
It is different either a exit agreement will embody a confidentiality or nondisclosure proviso that prohibits Bush from vocalization about a controversy.
Another large question: Will he be means to start another pursuit during another network right away? And if so, will one be peaceful to sinecure him?
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