Apr 14, 2009 • 1 min read

Cowell will take cut in ITV fees

Simon Cowell says he is willing to take a pay cut when he renews his ITV contract in December, as the broadcaster faces financial problems.

Despite his 'Britain's Got Talent' freak show beating 'Doctor Who' in the ratings this weekend, Simon Cowell has revealed that he is willing to take a pay cut when he renews his contract with ITV in December. Cowell has commented on his ITV pay packet after the commercial broadcaster admitted that its substantial financial woes will result in widespread job and budget cuts.

Commenting on his relationship with ITV, the music/telly mogul told The Mirror: "It isn't about how much I can squeeze out of them. All I worry about is: 'Can we make a better show than last year?' I have a brilliant relationship with ITV and they have been very kind to me. I will never forget the fact that without ITV we would not have launched our shows initially. So as far as I am concerned, I still owe them a debt".

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