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Karl Stefanovic's 'massive payday': Today host's rumoured multi-million-dollar deal at Nine raises eyebrows
When it comes to the battle of the breakfast shows, time and time again, Seven's Sunrise has reigned supreme on the popularity podium.
'Nine sources tell us the network's top brass have just finished passing a hat around at their Denison St headquarters in North Sydney and have managed to scrape together enough loose change to offer him a contract worth about $3million a year,' the paper's Media Diary wrote. 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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