A high-level personnel shake-up is underway in Sky Television's sports department.
The company's four top executive sports producers, Martin Crowe, Tui McKendrick, Andrew Fyfe and James Cameron, were called into meetings on Friday where they were told about a proposal to restructure their jobs.
The Herald on Sunday can reveal the pay television provider suffered a $15 million loss over its Olympics coverage.
Sky chief executive officer John Fellett confirmed the loss, but would not discuss the restructuring.
Asked whether restructuring was underway, he said: "I can't discuss anything, you know. If the Herald was looking at restructuring and I called you guys up as a reporter, I doubt that you guys would be able to tell me anything."