Katie Couric Negotiating Exit From ABC News

Fate of daytime talk show still undecided

Katie Couric is negotiating her exit from ABC News, where she serves as a special correspondent, and is headed to Yahoo.

“Katie is an incredible journalist and this was an opportunity that she couldn’t pass up. Thanks to the powerful association between ABC News and Yahoo we know that Katie will continue to work closely with us and welcome her on our air anytime,” according to an ABC executive familiar with the situation.

ABC News and Yahoo have had a news partnership since 2011, and Couric is expected to host an interview show that would run on Yahoo’s homepage. An official announcement that will describe Couric’s new job is expected early next week.

Couric's deal with ABC included two parts: a role as a special correspondent and her own daytime talk show. Couric is still deciding on the future of Katie, according to sources.

Many TV stations have bought other shows to air next year instead of Katie, but the ABC Owned Stations, the show's launch group in the nation's biggest market, do not have a back-up in place. While Katie is renewable at its current ratings level, the cost of producing it — including Couric’s annual $20 million salary, according to reports — makes renewing it challenging. That said, sources say ABC remains interested in keeping the show on the air if the costs of producing it can be reduced.

The Hollywood Reporter first reported this story.