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North Salem's David Letterman Ranks Near Top Of TV's Highest Paid Stars

David Letterman is now tied for second in salary among late-night TV show hosts
David Letterman is now tied for second in salary among late-night TV show hosts Photo Credit: www.imdb.com

NORTH SALEM, N.Y. -- North Salem resident David Letterman is now tied for second in salary among late-night TV show hosts, trailing The Daily Show 's Jon Stewart, according to TVGuide.com.

Stewart is now earning between $25-30 million a year, according to several sources, the website reported, putting him ahead of the past perennial late night salary leaders Jay Leno and David Letterman. Leno took a significant pay cut last year, as NBC wanted to reduce costs at Tonight , the website reported. Both he and Letterman earn around $20 million, the website reported.

The license fee money CBS pays Letterman to his production company, Worldwide Pants, for Late Show has been reduced in recent years, the website reported.

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