CBS and Couric Parting Ways?

(andPOP) - Reports are surfacing that Katie Couric and CBS will be parting ways.

The Washington Post reports that Couric may vacate the coveted anchor desk if her ratings do not improve by the time the American presidential election finishes in November.

A source tells the Post that executives at the network are thrilled with Couric, but concerned about the low ratings she has received on the CBS nightly newscast since her debut. If she were to leave the anchor post, she would possibly remain in the CBS family, and would get a job somewhere else with CBS News.

Another option would be to release Couric entirely - paying out the remainder of her $75-million contract.

A decision is not expected until this summer.