A Pay Cut for Y&R's Braeden?

Sara Bibel of Fancast is reporting that this past friday, Sony Television's president met with Y&R's cast, crew and production about the show's recent two-year renewal. President Steve Mosko talks about the new renewal will mean more budget cuts, but praised the work of Maria Arena Bell and her brother Billy Bell (who the last time I checked was a creative consultant). Bibel says that the meeting was described as a pep talk to let the staff know their work was appreciated. Notable non-attendees were CBS daytime pres. Barbara Bloom and show star Eric Braeden, even though he was said to be on the set on Friday. Daytime Confidential hears that Braeden, whose contract is up soon, is reportedly already saying he doesn't want a pay cut, and MAB and associates won't back down either. Hopefully, the two sides can carve a deal so Y&R will not suffer the loss of the center of the show, perhaps and daytime! When will some of these execs realize that a few dismissals can work to save a big, veteran name!