Matt Lauer tells viewers he's staying at 'Today'

Matt Lauer is sticking with NBC's "Today," ending speculation that the top-rated show might have to face ABC's rising "Good Morning America" without him. Lauer has signed a long-term contract to remain as co-host of the No.

However, NBC would say only that Lauer's extension is a "multi-year" deal; the network also did not issue a release, an unusual step for such a high-profile talent. His pay is believed to have increased from $17 million to $25 million per year,

NBC's Today sure is throwing everything they can against Katie Couric's week-long stint on rival Good Morning America. After Today got Sarah Palin to co-ho.

Matt Lauer this morning confirmed on-air that he has signed a new deal to remain Today show host. "Truth be told, I was developing an idea for a new show,

Matt Lauer has inked a deal to remain with the Today show.