Simon Cowell - 3 More Seasons on American Idol

Yay!

Simon Cowell will be a judge on American Idol for at least three more seasons.

"We've heard from Fox, who has asked us for approval for Simon Cowell to appear for three more years on 'Idol,'" CKX chairman and CEO Robert Sillerman said. "They, in their negotiations with Cowell, have asked us to pre-approve him not only for 'American Idol' '09, which has begun taping, but they have also asked us for approval for '10 and '11, indicating to us that they're finishing their negotiation with Cowell. We did grant approval for that, quite obviously."

Reported amount: $45 million a year.

Read it at Reuters