Where in the world is Matt Lauer? He's staying at
Despite losing its status as the No. 1 morning show to
"I couldn't be happier to be staying," Lauer wrote in a statement quoted by the New York Times.
"He's the best in the business, and there is nobody I would rather have in the 'Today' anchor chair than Matt," NBC News president Deborah Turness said.
During the 1990s, Lauer and then-coanchor
Lauer's existing contract, which was due to expire soon, paid him up to $25 million per year, according to various reports, which the anchor himself said were inaccurate.
Meanwhile, "Today," once the commanding leader in morning news, lost its lead to "GMA" two years ago and has since struggled to come back.