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Lisa Wilkinson leaves 'Today' immediately after failed salary negotiation

17 October 2017

"We have been unable to meet the expectations of Lisa Wilkinson and her manager on a contract renewal for a further period".

Sources said Wilkinson was offered $1.8m for the breakfast show gig next year but was asking for $2m - closer to what is paid to her co-host, Karl Stefanovic, who is said to be on a $6m three-year-deal.

TODAY Show viewers and hosts have been left in shock following the sudden departure of co-host of 10 years Lisa Wilkinson.

'Nine will be going in another direction and will be considering our options in the coming weeks and months'.

The world of television is in shock today after one of Nine's biggest stars announced a move to a rival channel.

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Lisa Wilkinson will join The Project on Network Ten after she tonight revealed she is leaving Today and Nine after contract negotiations stalled.

"For whatever reason she won't be doing that anymore and it was a surprise to us all".

"A very big day for us on the show and a very big day for Lisa Wilkinson ... plenty more to say about that later in the program", Stefanovic said at the start of today's show at 5.30am.

"From my perspective it has been an enormous, a tremendous privilege to share a part of Lisa's Today Show chapter and above all it's a tremendous privilege to share a lovely friendship with her and I know that continues for a very long time to come".

"Most particularly though I want to thank the Today Show audience who have been so supportive and incredibly loyal to me over the last decade".

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We look forward to celebrating with you when we all get the chance to get together, we've shared so many laughs, hundreds of flights and thousands of hours on air and obviously, we all wish you all the best.

Nine chief executive Hugh Marks said the partnership between Wilkinson and Stefanovic "has taken the show to the success it is today".

Ms Wilkinson will work alongside Carrie Bickmore, Waleed Aly and Peter Helliar on The Project and The Sunday Project.

Having worked as a duo with Karl Stefanovic for 10 years, there are early reports her departure follows a pay dispute.

Now, the veteran journalist and popular host is set to become the highest paid woman on Australian television.

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Network Ten is delighted to to announce that Lisa Wilkinson is joining the network in a senior hosting and editorial role, effective January 2018. She has a great connection to the Australian public and a reputation that is second to none.

Lisa Wilkinson leaves 'Today' immediately after failed salary negotiation