Karl’s pay packet: Stefanovic’s Today show salary ‘halved due to Covid-19’

Fans of the Today show will be pleased to hear that Karl Stefanovic has reportedly signed a new contract with Channel Nine, which could see him remain at the helm of the show for at least the next three years.

The 46-year-old journalist’s agent Mark Morrissey has been negotiating Karl’s contract for a matter of months, reports to The Australian. However – due to the ongoing impact of the Covid-19 pandemic – Karl has allegedly had had his annual wage slashed by around 50 per cent.

According to Diary, Karl’s salary, which was previously thought to be upwards of $2.5 million, will now be around half that, at $1.25m per year. However it’s been reported that Karl could bump his pay packet up to $2m if Today maintains a consistent lead over Channel Seven’s Sunrise in the ratings.

“Today Show numbers continue to move in the right direction,” a Nine spokesperson told TV Blackbox. “We are very happy with the team of Karl, Ally, Alex, Brooke and Tim, and can confirm we have a longer-term deal in place with Karl beyond 2020.”

It’s been a busy year for Karl, who returned to the Today show along with Allison Langdon in January, as he celebrated the birth of his first child with wife Jasmine Yarbrough.

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The couple, who tied the knot in a lavish ceremony in Mexico in December 2018, welcomed a beautiful baby girl, named Harper May Stefanovic, into the world on Friday, May 1 2020. They have since shared several sweet photographs of baby Harper on social media.

Karl also shares three children – Jackson, 20, Ava, 14 and River, 12 – with his ex-wife Cassandra Thorburn.