Katie: An $80 Million Investment or ‘Bad Deal?’

Disney/ABC Television Group
Andrew Eccles/Disney-ABC

In an interview with , president, , revealed that is spending roughly $80 million just to get its hosted talker, aptly named “,” off the ground in the next couple of weeks.

“I think [Disney/ABC] cut a bad deal,” said Nogawski. “They did get very large license fees, but the majority of those license fees are attributed to ABC’s owned-and-operated stations. [‘Katie’] is going to have to do a very large number for them to make money.” By comparison, CTD is spending roughly $30 million to launch “” ($24 million on production, $6 million on promotion).

The large licensing fee is said to be one of the reasons CTD decided against signing a deal last year with Couric and “Katie” executive producer , following the end of her five-year run as anchor of the “.” Disney/ABC Domestic Television swooped in and signed Couric to a deal that displaces” from its long-time 3:00 PM ET/2:00 PM PT/CT timeslot.

The Couric and hosted talk shows launch Monday, September 10 in national syndication, while that same day “GH” moves time periods to 2:00 PM ET/1:00 PM PT/CT on ABC.