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With six months to go before his contract with Discovery Communications is set to expire, former Nightline host Ted Koppel has agreed to a buyout.
Discovery and Koppel’s production company on Tuesday (Nov. 25) announced the dissolution of the three-year relationship, which hit a wall when Discovery could no longer justify the expense of an independently functioning news unit.
In a statement, Discovery brass characterized the decision as “amicable” and “mutual.” The move to cut Koppel loose comes as Discovery Channel “continues its focus on long-running series and specials in the…core nonfiction genres and emphasizes non-news content that has a longer shelf life and appeals to audiences around the world.”
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