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Betting agency tips Karl Stefanovic to be next Nine boss after CEO Hugh Marks sensationally quit

Betting agency tips Karl Stefanovic to be next Nine boss after CEO Hugh Marks sensationally quit

Australian media magnate Hugh Marks quit as CEO of Channel Nine last week. 

And betting agency Sportsbet has placed an unlikely candidate in the running to replace him –  Today show host Karl Stefanovic

Karl is currently tipped to replace Hugh at rather long odds of $45, which makes the entry appear to be a bit of a gag. 

Him? Australian media magnate Hugh Marks quit as CEO of Channel Nine last week. And betting agency Sportsbet has placed an unlikely candidate in the running to replace him – Today show host Karl Stefanovic (pictured) 

Coming in at the same long-shot odds is Millionaire Hot Seat hist Eddie McGuire, who is also listed $45. 

Also named were Stan boss Mike Sneesby at $5.50, Fetch TV’s Scott Lorson at $3.25 and former Nine CEO David Gyngell at $12.

Currently in the least is Nine’s head of publishing Chris Janz at $1.85. 

Long shot: Karl is currently tipped to replace Hugh at rather long odds of $45, which makes the entry appear to be a bit of a gag

Long shot: Karl is currently tipped to replace Hugh at rather long odds of $45, which makes the entry appear to be a bit of a gag

Marks quit last week after his own newspaper revealed his romance with an ex-employee.

The businessman told workers he was leaving the company after five years in the top job through an email on Saturday afternoon.

It comes after the Sydney Morning Herald published an article claiming he was in a relationship with Nine’s former managing director of commercial Alexi Baker.

Drama: Hugh Marks (pictured) quit last week after his own newspaper revealed his romance with an ex-employee

Drama: Hugh Marks (pictured) quit last week after his own newspaper revealed his romance with an ex-employee

In his resignation email, Mr Marks did not outline why he was quitting the media organisation, which owns Channel Nine and former Fairfax Newspapers the Sydney Morning Herald and The Age. 

He said in the email: ‘After five successful years for Nine, I have decided the time is right for me begin the process of moving on.

‘I want to take this opportunity to tell you what a privilege it has been leading this business over a truly transformational period for both the media market generally, and particularly our business.’

He said in the email: 'After five successful years for Nine, I have decided the time is right for me begin the process of moving on'

 He said in the email: ‘After five successful years for Nine, I have decided the time is right for me begin the process of moving on’

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