The network announced the deal today, unveiling the plan which puts Katie in as host and producer. We've learned Katie's mentor -- former "Today" show EP Jeff Zucker -- will be the Executive Producer.
As we reported, Katie will make $20 million, mostly for the talk show but there's a relatively small amount for contributing to various ABC news shows.
Sources tell TMZ, the likelihood is ... Katie will get the 3 PM time slot when the show debuts in September, 2012. That's the coveted slot Oprah owned for a quarter century in many key markets.
Matt Lauer will NOT be part of the show.
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