Channel Nine’s 60 Minutes could be facing the chopping block with the Daily Telegraph reporting the network’s efforts to save money amid the COVID-19 pandemic.
The publication reports that the current affairs program costs $20 million a year to produce, with reporters like Liz Hayes on a salary of $500,000.
“60 Minutes’ budget is around $20 million a year. It’s an obvious place to start, with the program slipping in the ratings and failing to hold on to the leads given it by shows like Lego Masters,” an insider told the Telegraph.
It has also been reported that “almost a quarter of the cuts” at Channel Nine could come from the news division, which allegedly have a yearly budget of $180 million.
Earlier this year, the network outlined a plan to save $266 million amid the coronavirus pandemic, with almost half of this coming from not broadcasting the current season of the NRL, which they reportedly pay $130 million a year to broadcast.
However, with NRL matches expected to resume soon, the publication reports that the network has to find other aspects of the business to cut in order to save the $130 million.
Source: Daily Telegraph