Channel Nine's 60 Minutes 'facing the axe to save $20million budget'

Channel Nine's 60 Minutes 'facing the axe to save $20million yearly budget - with reporters such as Liz Hayes on $500,000 salaries'

By Joshua Fox For Daily Mail Australia

Published: 03:27 BST, 3 May 2020 | Updated: 03:27 BST, 3 May 2020

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Channel Nine's 60 Minutes may be the next TV program to suffer amid COVID-19.

According to The Sunday Telegraph, the network are 'considering axing the show' in a bid to save money, with the entire news division reportedly facing cuts. 

It is claimed that the leading current affairs program costs $20million a year to produce, with reporters such as Liz Hayes, 63, on a salary of $500,000. 

A thing of the post? Channel Nine's 60 Minutes is reportedly facing the axe as the network attempts to save $266million amid the COVID-19 pandemic

A thing of the post? Channel Nine's 60 Minutes is reportedly facing the axe as the network attempts to save $266million amid the COVID-19 pandemic

'60 Minutes' budget is around $20million 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 publication.

The insider added that 'almost a quarter of the cuts' at the network could come from the costly news division, which is said to have a yearly budget of $180 million. 

Daily Mail Australia has contacted Channel Nine for comment. 

Pricey: The Sunday Telegraph claim the current affairs program costs $20million a year to produce, with reporters such as Liz Hayes (pictured), 63, on a salary of $500,000

Pricey: The Sunday Telegraph claim the current affairs program costs $20million a year to produce, with reporters such as Liz

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