Hoda Kotb has formalized her interim role as co-anchor on Today, taking over for Matt Lauer in all respects but his enormous paycheck.

This week, NBC announced Kotb would officially replace Lauer, who was fired in November amidst sexual harassment and assault allegations. But for her dual responsibilities—Kotb will now not just lead the 7 a.m. to 9 a.m. show with Savannah Guthrie, but she'll continue to host the 10 a.m. hour of the show with Kathie Lee Gifford—NBC has decided to reward her with...millions less than her predecessor made.

Sources tell Page Six that Kotb will earn $7 million, a full $18 million less than Lauer reportedly took home. A "show insider" suggested that Kotb could land a raise the next time she re-ups her contract, but added that "the figure underlines the huge wage disparity at NBC News."

A woman has to clean up after a man, do his job better than he did it, make all that effort seem invisible, and still make less than he did? Wow, it’s not even the end of the first week of 2018, and we're already recycling all of last year's worst plot lines.

Mattie Kahn Mattie Kahn is a writer who lives in New York.

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