Regis Philbin Quits Over Pay Cut?

January 22, 2011

So much for a retirement party, but maybe a pity party? Regis Philbin quits over pay cut? Apparently there are other details regarding his farewell. Get the details and see photos and a video right here!

Regis Philbin 1

Wow, at first I was really happy for Reeg…but to realize his retirement could be a result of a pay cut? Quitter. Be sure to check out pictures and videos below!

Reports surfacing suggest that Regis Philbin actually quit because he was being offered less for his seat on Live with Regis & Kelly. Apparently, executives of the show say that the host was nearing the end of his contract, making an estimated 18-20 million dollars a year! Philbin’s agent, Jim Griffin, and tv execs were reportedly in negotiations for a new deal for Reg, ultimately ending with a pay cut for the legendary host. Not only because the show doesn’t seem to be as popular as it was years ago, but too, because of his absence from the show with co-host Kelly Ripa.

What’s more, is that Regis didn’t even tell Kelly about his alleged retirement until 15 minutes before the start of the show. Even though it is reported that Ripa was more shocked than upset, to no surprise, she was furious! Sources say that Reeg “showed a total lack of respect for her,” bottom line. Unfortunately, all things must come to an end, but may be Philbin could have taken a different approach? On with the show!

Rest assured people, Regis himself has stated:

“I’m leaving the show. I’m not retiring from show business.”

Well isn’t that good to know. As for his replacement? That’s going to be tough. To be honest, I think the show should just be replaced altogether! Ha! Regis Philbin quits over pay cut? Tell us what you think in the comment box. Also, be sure to check out photos and a video clip of your favorite television host below.

Regis Philbin Photo 1Regis Philbin Picture 2Regis Philbin Photo 3Regis Philbin Picture 4
(click on each of the photos to enlarge)

Photos: Filmano/Johnny Louis

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10 Responses to “Regis Philbin Quits Over Pay Cut?”

  1. 1
    Danity Says:

    Wow. Money hungry?

  2. 2
    Sarah Says:

    I know, you would think he has made enough, but it does seem his time to move on.

  3. 3
    Rachelle Says:

    Seriously at his age do you really need to leave soemthing you love over money?

  4. 4
    T'laryth Phalyn Says:

    What else is he going to do? It’s not as though he’s actually funny. He’s just greedy and that will keep him from expanding into anything else. What a toad!

  5. 5
    Sandy Says:

    I’m not gonna lie…I would not miss the show…I’m definitely NOT A FAN of Kelly Ripa!!! I’ll miss Reeg tho, he’s the only reason I would even consider watching the show.

  6. 6
    Joan Says:

    What?! That’s ludicrous. He should just do it for beats a retirement home.

  7. 7
    Jen Says:

    Money hungry much? I mean how many years do you have left to do this. If you enjoy it i am sure the million+ dollars you make will do.

  8. 8
    OST Says:

    Maybe at this point the only thing keeping him on the show was the money. Seems like he may just wanted to one up the exec’s and say I dont’ have to stay

  9. 9
    Jeanette Says:

    Oh Reeeeg, I will miss you!

  10. 10
    Miriam Says:

    Oh No I miss him already so true Jeannette