The long-running TV personality, who has hosted Mornings with Kerri-Anne for the past nine years, said that her ego was "dented" when she discovered that she had been replaced with younger star Sonia Kruger.
Kennerley told Kyle Sandilands and Jackie O on their radio show: "I read it in yesterday's paper. Last Tuesday I was told [by Nine], 'We are thinking about things, we'll let you know.' I'm still with the network and according to them I'll be with the network for a while.
"Business is business... There is no easy way to affect change. Everybody's ego gets dented a bit. I'm no different to anybody else in any other job who finds themselves moving on. Whether you like it or not is besides the point. Get on, suck it up and enjoy."
Kennerley also spoke of her respect for Kruger, saying: "Having known Sonia off and on over the years, I think she is a terrific girl and I sincerely wish her all the best. All good things come to an end, move and change.
"At this stage, who knows [what I'll do]... I'm a bit of a daytime girl. Daytime and live TV is my thing, but it wouldn't hurt to do some new challenges. I hope that we can all put our heads together to come up with something interesting and fun that gives the audience a bit of a kick."
Rumours of Kennerley facing the axe first surfaced in October when she went on a last-minute holiday and was temporarily replaced by Catriona Rowntree.
> Kerri-Anne Kennerley: 'I'm not a primetime star'