A glamorous blonde television news anchorwoman has been accused of hatching a plot to have her former boss murdered in Cyprus.

Media mogul Andis Hadjicostis, 42, was killed outside his home in Nicosia on Jan. 11 by a masked gunman who escaped on a motorbike.

Hadjicostis was the owner of Dias, the largest media group in Cyprus.

Elena Skordelli, 43, who has been charged with the killing, had worked at Dias as a news anchor and talk show host before being fired.

In a further twist, she is believed to have planned to take over Hadjicostis' media empire — offering his killers jobs for life at the television station.

Skordelli's family owns a 20 percent share in one of Dias' popular TV stations, Sigma.

The anchorwoman, her brother and another man are accused of plotting and carrying out the murder.

They all deny the charges against them.

The trial, due to start Tuesday, has been delayed for a few days as one of the defendants is in hospital.

Police are still hunting the gunman who they suspect may have fled the island.

Click here to read more on this story from Sky News.