After weeks of speculation it was finally revealed that Ally Langdon will be the new host of A Current Affair (ACA), replacing Tracy Grimshaw, who stepped down from the program last week after 17 years behind the desk.
But while the coveted new role could be seen as a step up for the Today host’s career, the remuneration that comes with the job change may say otherwise.
WATCH: Tracy Grimshaw rejects Ally Langdon’s hug (Article continues below video)
It’s been said that the difference is a hefty six-figure pay cut from the salary she’s received the past three years working on the Today show – which saw her working 17.5 hours a week.
The role at the helm of the ACA desk comes with a lesser amount of working week hours, therefore the offer Ally received reflected that.
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Sources inside the Channel 9 Network have told The Daily Telegraph that the original offer that was tabled for Langdon saw a pay cut worth about $250,000 a year, which is significantly down from her $1 million-a-year Today contract.
That offer would have seen Langdon be on the same pay that Tracy Grimshaw was reported to have been on – an annual salary of about $750,000.
But following weeks of negotiations, Ally is said to have locked in a better rate than first proposed.
WATCH: Ally Langdon’s blunder goes global (Article continues below video)
Whilst earning the reported $1 million a year on Today, her co-host Karl Stefanovic still faired better off on the salary front, with his said to be $500,000 more than Ally, taking home $1.5 million a year.
But this fee is down from an earlier contract he held at the TV network, as it was slashed in 2020 following his return to Today a year after his controversial axing in 2018.
It is yet to be reported what Ally’s replacement, Sarah Abo, will be paid. The new Today co-host for 2023 brings with her a wealth of journalism experience, with her CV including reporting and presenting roles at Channel Ten, SBS and more recently 60 Minutes.
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