Karl Stefanovic dumped as Today show co-host by Channel Nine

Karl Stefanovic axed from The Today Show

Karl Stefanovic to leave Today show, Nine says

On Wednesday, Nine announced Stefanovic would be stepping down as co-host after months of speculation, fuelled by a horror year in the ratings and increasingly negative publicity surrounding the network's one-time golden boy.

The Today show has suffered a significant slide in its ratings this year, after the departure of co-host Lisa Wilkinson in 2017.

"Karl Stefanovic has been a co-host of this great show for 14 years and I've had the honour and pleasure, and pressure, sometimes of working alongside him nearly every day over that time, and I can tell you from the heart that there is nobody who has worked harder for this show than Karl", Richard said.

'Karl remains on contract with the network and will continue to host This Time Next Year, which records in February.

Karl Stefanovic and Jasmine Yarbrough's romance has been closely monitored by the media.

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"It's no secret that the past year or so have been in many ways hard times for Karl, but I can say that every morning he's walked into this studio with energy and passion, and ideas to make the show bigger and better", Wilkins said.

Rumours suggest Nine News Perth presenter Tracy Vo could replace Sylvia on Today.

The same spokesman last week rubbished reports that Peter Stefanovic was set to walk, before yesterday's confirmation that he and the network had mutually parted ways.

It was initially believed Ragless would take over Peter Stefanovic's role on Weekend Today before graduating to the top job, but Karl Stefanovic's departure has accelerated his possible move up the ranks.

The scandal, in which he had an explosive conversation on speaker phone with his brother Karl Stefanovic, soured those views. "If Sylvia goes, it'll be her decision".

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News.com.au approached Jeffreys for comment but did not receive a response.

Channel 9 has repeatedly denied, often furiously, that he won't front the struggling show in 2019.

An all female panel on The Today Show is being considered by the Nine Network, to provide a point of difference to Seven's Sunrise.

The dramatic exit for Peter comes after a controversial year for the Stefanovic brothers.

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