RadioLive, which is owned by MediaWorks (which also owns TV3), tweeted the news this arvo: "John Campbell will leave Campbell Live. The show will continue four days a week under a new name with two presenters." Well, I hope they told John before putting it out there!
Supporters of the current affairs show have been calling for action to keep the show since a review - led by TV3 news and current affairs boss Mark Jennings - was announced a few weeks ago.
Campbell Live has surged in the ratings in recent weeks as the public swung in behind the show. Campbell Live, which often campaigns for
How ironic then, that Mediaworks is facing mega-changes of its own!
The whisper is that US investment company Oaktree is about to take full ownership of the firm.
Oaktree became the tv and radio company's majority owner last month when it bought the 36.5% combined stake in MediaWorks previously held by bankers Westpac and the Royal Bank of Scotland.
That bumped Oaktree's stake in MediaWorks up to 77.8%.
MediaWorks spokesman Rachel Lorimer says...er...um...the company does not comment on shareholder matters.
Ha! Let's just say: what goes around comes around, Mediaworks!