Karl Stefanovic could also be next on the chopping block at Channel Nine as experiences recommend executives have requested the favored presenter to take a large pay reduce.
The In the present day co-anchor, 50, who is said to be raking in $1.5million a year for his cushy breakfast show job, may face the axe if he refuses to cut back his wage.
In response to insiders, Olympian Todd Woodbridge is ready within the wings to interchange the TV host and keen to be paid half his wage, reported Girl’s Day on Monday.
‘A few of 9’s highest paid expertise, together with Karl [Stefanovic] and Hamish [Blake] are being requested to consider taking pay cuts,’ a supply instructed the publication.
‘There is a huge push to contemplate Todd as a alternative for Karl at In the present day… He was one of many breakout stars in Paris as a part of 9’s Olympic on-air staff.’
The Tipping Level host, 53, impressed execs a lot that they had him cowl the Paralympics as properly, ‘which is likely one of the largest indicators bosses could possibly be grooming him for a task at In the present day’.
The four-time Olympian ‘made it clear he’s open to being paid half of what Karl is making’, which the insider says has put strain on the veteran TV presenter.
They added: ‘The massive bosses can be how seamlessly Matt [Shirvington] has slot in at Dawn and considering Todd may emulate that success together with his athlete’s work ethic and personable interview abilities.’
Karl Stefanovic, 50, (pictured) could also be subsequent on the chopping block at 9 as experiences recommend executives have requested the favored presenter to take a large pay reduce
Each day Mail Australia have contacted 9 for remark.
It comes as earnings at media big 9 Leisure have fallen nearly a 3rd to $134.9 million for the complete yr – as execs cuts costs by axing hundreds of roles.
The corporate’s accounts launched to the share market final month present its internet revenue for 2023/24 was 31 per cent decrease than the earlier yr.
9 owns a few of Australia’s largest media platforms together with Channel 9, streaming service Stan, talkback radio stations 2GB and 3AW, The Sydney Morning Herald, The Age and the Australian Monetary Assessment.
Its annual income was $2.6 billion, down three per cent, with earnings earlier than curiosity, taxes and depreciation (EBITDA) at $517 million, down 12 per cent.
In June, long-time chair Peter Costello introduced he would go away the corporate, following an altercation with a journalist at Canberra airport.
In response to insiders, Olympian Todd Woodbridge, 53, (pictured) is ready within the wings to interchange the TV host and keen to be paid half his wage, reported Girl’s Day on Monday
New chair Catherine West mentioned in an announcement the corporate was performing properly in a difficult market.
Chief government Mike Sneesby, who got here underneath fireplace from his workers when he carried the Olympic torch in Paris, agreed along with her evaluation.
‘In a yr of difficult financial and promoting market situations, there have been some clear positives on this consequence,’ he mentioned.
At digital streamer Stan, EBITDA elevated 24 per cent to $46 million, whereas at actual property web site Area, earnings lifted 26 per cent to $137 million.
Nevertheless it was a distinct story for 9’s bigger TV and publishing divisions: EBITDA for the tv division fell 32 per cent to $208 million, publishing earnings fell seven per cent to $153 million, whereas audio division earnings plunged a 3rd to $8.4 million.
9 started the present monetary yr with sturdy audiences and income throughout platforms due to its broadcast of the Paris Olympics and Paralympics, Mr Sneesby mentioned.
The In the present day co-anchor who is alleged to be raking in $1.5million a yr for his soft breakfast present job, may face the axe if he refuses to cut back his wage. Pictured with spouse Jasmine
The Paris Video games protection reached an unprecedented nationwide day by day common viewers of just about 10 million folks.
9 spent $305 million to safe the Olympic broadcast rights together with the Video games in Brisbane in 2032.
Whereas Video games-related promoting and subscription income is predicted to complete greater than $160 million, the corporate mentioned it anticipated the enterprise to interrupt even.
9 reduce prices by $65million throughout 2023/24 and in June mentioned it will remove 200 jobs or about 4 per cent of its nearly 5000 employees.
‘From our nationwide staff of just about 5000 folks, round 200 jobs are anticipated to be affected throughout 9, together with some vacant and informal roles not being stuffed,’ Mr Sneesby mentioned earlier this month.
‘To ensure that us to have the ability to maintain investing in digital development alternatives throughout 9, we should proceed to responsibly handle prices by the cycle.’
It comes amid the 9 massacre which has seen lots of of jobs axed after an enormous earnings hit. Pictured: Karl with 9 CEO Mike Sneesby
The job cuts embrace 38 positions within the high-profile information and present affairs broadcast staff, which included 9News and 60 Minutes.
Moreover, 90 jobs will be eliminated from Nine’s publishing division, affecting roles at The Sydney Morning Herald, The Age, and The Australian Monetary Assessment.
The cuts got here as a industrial cope with social media big Meta, which owns Fb and Instagram, ended.
9 expects to chop underlying prices by one other $50 million within the 2025 monetary yr, making for a price discount of about $100 million over two years, mentioned chief monetary officer Matt Stanton.