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Australian television personalities face massive salary cuts as networks slash costs amid financial squeeze
Some of Australia's best-known TV personalities are bracing for major pay cuts as the nation's biggest networks prepare for sweeping budget reductions in a bid to curb ballooning costs.
Some of Australia's best-known TV personalities are bracing for major pay cuts as the nation's biggest networks prepare for sweeping budget reductions in a bid to curb ballooning costs. Channel Seven, Nine, Ten and the ABC are now under pressure to implement drastic cost-saving measures as advertising revenue continues to plummet - triggering a major shake-up across their national newsrooms and on-air talent rosters, according to The Australian. Tracy's 16-minute interview with advertising mogul John Singleton translates to a staggering $16,000 per minute of broadcast time - prompting speculation within the network that Grimshaw's future contract is unlikely to be renewed under current terms.
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