Television News Regis Philbin reportedly quit 'Regis and Kelly' over pay-cut proposal 01/22/2011 Regis Philbin quit over a pay cut proposed by executives at ABC, sources told TMZ.com Read More RELATED NEWS Jimmy Fallon's 'The Tonight Show' dropping to only four nights a weekAshley Tisdale announces birth of her second childSelena Gomez is a billionaire TAGS: Kelly Ripa Regis Philbin