Oprah May Face Huge Pay Cut

November 18, 2009 10:54 a.m. EST

Chicago, IL (CNS) - The Queen of Talk may face a significant pay cut if she decides to continue doing her eponymous talk show after her CBS deal expires in 2011.

According to Variety, local networks are not willing to pay as much for the right to air the aging show after its 2011 deal. Her "The Oprah Winfrey Show" has been on air since 1986.

Stations are hesitant to pay Harpo license fees, so they might offer a reduced fee for the airing. Her declining ratings are becoming a problem as well.

Winfrey has said she is still waiting until the end of the year to decide whether she will sign a new contract for the show. But if the TV billionaire does decide to continue, she might experience a huge pay cut.