Nov. 24 (UPI) -- Katie Couric is reportedly negotiating an early exit from her three-year contract with ABC News after Yahoo CEO Marissa Mayer convinced her to team up with the Internet giant on an upcoming news programming venture.
Couric left CBS News for ABC News in 2011 in a $40 million deal that included a talk show, Katie, and a special correspondent gig. Though Katie's ratings weren't terrible, it proved expensive to produce. The network has yet to make a decision about the show's future when it wraps up its second season.
Mayer has reportedly offered Couric the chance to host a "streaming video interview show."
“Katie is an incredible journalist and this was an opportunity that she couldn’t pass up,” an ABC exec said in a statement. “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.”
ABC News and Yahoo teamed up in a 2011 deal that allowed ABC News programs to stream on Yahoo.
Couric's Yahoo news show could launch early next year.