Karl Stefanovic is reportedly prepared to walk away from his $2.8 million Nine salary after signing a “memorandum of understanding” with radio giant ARN.
The Today show co-host is said to have signed the MOU with the intention of moving into commercial radio when his current Nine contract expires in December.
According to The Australian’s Media Diary column, the TV presenter is already eyeing Carrie Bickmore as his co-host.
It is understood that Stefanovic hasn’t signed any kind of deal with ARN.
The move comes as the broadcaster, who has been with Nine for more than 20 years, manages a massive property portfolio across Sydney and Queensland.
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Karl Stefanovic and his wife Jasmine have a healthy property portfolio. Picture: Wendell Teodoro/Getty Images
The Today show co-host launched The Karl Stefanovic Show podcast this year.
Castlecrag
Stefanovic and his shoe designer wife, Jasmine, are currently spearheading a multimillion-dollar redevelopment on Sydney’s north shore.
The couple purchased the Castlecrag property for $3.2 million in 2021. They were initially granted approval for a $4.5 million rebuild in 2024.
The mansion is just 1km away from their previous address. The new house is set to include a lift, wine cellar, television equipment room as well as a surf, bike and tool storage room.
Stefanovic and his wife, Jasmine, are currently undergoing a multimillion-dollar redevelopment on Sydney’s north shore. Picture: Supplied
Noosa
The couple also own a $3.6 million holiday home at Sunshine Beach near Noosa, known as Villa Isabelle.
The three-storey home underwent a lavish renovation designed by Mrs Stefanovic’s sister, Jade Yarbrough.
Despite the high-end finish, the property has struggled to find a permanent buyer.
The couple put the home to auction in March 2022 but it failed to sell. It was later listed for private treaty sale at $7.5m before being pulled from the market.
The five-bedroom home, which features a 7.8m heated pool and private balconies, is now listed in the holiday rental pool.
While it reportedly commanded $3700 a night during Noosa’s peak, the couple has resorted to leasing it for $1000 a night between stays.
The property was the site of a major police search in December 2024 when the couple’s then four-year old daughter, Harper, went missing.
A Polair chopper and neighbours joined the search before the child was found asleep under a chair.
The couple also own a $3.6 million holiday home at Sunshine Beach near Noosa, known as Villa Isabelle.
Cremorne
In 2019, Stefanovic severed his final property link to ex-wife Cassandra Thorburn when their Cremorne waterfront mansion sold for more than $9 million.
The former couple had purchased the home for $8 million in 2016, just months before their separation.
The pair also offloaded a Federation family home in Lindfield for $3.8 million in 2016.
Stefanovic and Thorburn bought the three-level property in 2010 for $2.3 million, having sold their first home in St Ives that same year for $1,285,000.
Stefanovic and ex-wife Cassandra Thorburn sold their Cremorne home for more than $9 million.
The pair also offloaded a Federation family home in Lindfield for $3.8 million in 2016.
While the radio move remains unconfirmed, Stefanovic has already built a digital safety net.
The Karl Stefanovic Show podcast clocked 327,000 hours watched on YouTube and 298,000 hours streamed on Spotify in March alone.
— Additional reporting by Kaylee Cranley
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