- Associated Press - Friday, April 6, 2012

LOS ANGELES (AP) - 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. 1 morning show, a long-anticipated deal that NBC announced Thursday night but Lauer made public on “Today” Friday morning.

“This is my family,” he said on the air as the “Today” crew and co-anchors burst into applause.

“Truth be told,” he joked, “I was developing an idea for a new show, where viewers could tune in every morning and see someone they know lose a little more of his hair every single day right in front of their eyes. But then I thought, I could just stay here and do that.”

Although “Today” is on a historic winning streak in the ratings, “Good Morning America” has been gaining ground.

Lauer’s decision provides important stability for “Today” and puts to rest suggestions that he might reunite with his former co-host Katie Couric on the syndicated show she’s launching this fall.

Lauer said last May that he had discussed joining with Couric on a new venture. But he predicted then that he would be staying at “Today” for “a long time.”

“Given how strong the `Today’ show has been, I don’t think the outcome was ever in doubt,” said industry analyst Larry Gerbrandt of Los Angeles-based Media Valuation Partners.

Lauer has been a fixture with the show since 1994 and began his run as co-anchor in January 1997. He has created a popular “Today” catchphrase with his globe-hopping “Where in the world is Matt Lauer?” segments.

“Today” has remained No. 1 in the weekly ratings since 1995.

Over at ABC, archrival “Good Morning America” gave Lauer an attaboy on its Friday telecast.

“Matt, you set the bar so high every day,” said co-host George Stephanopoulos in voicing his congratulations.

Beside him sat Couric, who, now at ABC, has been subbing as co-host on “GMA” all week. She passed along her own greetings to her “old partner-in-crime,” and announced that “GMA” had sent Lauer a bucket of golf balls as a gift.

“Take all the time off to perfect your golf game,” Stephanopoulos proposed.

For broadcast networks, morning represents one of the most important parts of the day. The shows are hugely profitable at a time of declining TV viewership, and none has been more of a cash cow than “Today.”

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