It has been reported that GMTV is planning on cutting the salaries of its presenters by up to 25%.
The Daily Mail says the breakfast broadcaster will cut the wages of Kate Garraway, Lorraine Kelly, Ben Shephard, Andrew Castle and Penny Smith.
The report also says the presenters will have their holiday entitlement reduced by up to 50%.
It quotes an insider as saying "They used to have much longer holidays. Some of them used to have something like 12 weeks off. I think now they are going down to six or seven. GMTV is saving money all over the place. In this climate the presenters will all be nuts not to accept what they have been offered."
