Karl Stefanovic has been dumped from Today after 14 years as host.
He will remain with Nine as host of This Time Next Year.
The news follows low ratings, 2 years of headlines around his personal life, and the exit of brother Peter Stefanovic yesterday.
Darren Wick, Director of News and Current Affairs said, “Nine and Karl Stefanovic have agreed it is time for him to step off the Today show. Karl remains on contract with the network and will continue to host This Time Next Year, which records in February.
“For over 14 years Karl has been at the centre of the Today Show bringing his unique personality and perspective to the day’s news and current affairs.”
Karl Stefanovic said: “For the last 14 years I’ve co-hosted the best show on television. I can’t thank Nine enough for the opportunity. I never in my wildest dreams thought I would be good enough to host this grand show for so long.
“Thanks to our viewers mostly, you are what matters most. It’s been a tough time. Thanks for hanging in there. I look forward to seeing you in another capacity at this great Network soon.”
Today is under review by incoming executive producer Steve Burling, amid suggestions other names could go. Media is speculating about Richard Wilkins, Sylvia Jeffreys and Tim Gilbert, although Nine has denied some reportage.
“An announcement on the new line up and format of the Today show will be made in the coming weeks,” said Wick.