On Wednesday’s Today Show, host Savannah Guthrie announced that Craig Melvin will be taking over for Hoda Kotb. While NBC did not say, it is likely that Melvin will be the lowest-paid main host at Today in the past 30 years. Networks are looking to pay top talent less as viewership shrinks, and I’ll bet Melvin saw that in his offer.

"This is one of the most popular decisions NBC News has ever made," Guthrie said.

"I am beyond excited and grateful," Melvin chimed in.

Kotb exits on January 10th.