ARN to pay Sandilands cash settlement sum of $12.09 million

ARN Media has agreed to pay its former radio broadcaster Kyle Sandilands $12.09 million to settle their employment dispute that brought down one of Australian radio's most lucrative deals.

The media company announced the settlement with Sandilands on Tuesday, saying the agreement provides for the "full and final resolution of all claims and counterclaims" between them.

Under the settlement, ARN will pay Sandilands a cash settlement sum of $12.09 million, with $3 million payable in July 2026. The rest of the balance will be payable monthly until June 2029.

"This agreement brings certainty for ARN and resolves the legal dispute," said ARN chief executive officer Michael Stephenson.

"ARN remains focused on executing its strategy, including driving a leaner, more efficient operating model, strengthening its core radio network and continuing to invest in digital capabilities and long-term growth."

The agreement also states that ARN will provide Sandilands with advertising services worth $1.5 million on its partner platforms over the next three years.

Both parties also agreed to a net revenue share arrangement, with ARN to receive a contribution of 19.9% from Sandilands' new venture for up to three years. Sandilands is also barred from engaging with ARN's direct competitors for up to nine months, expiring in March 2027.

'The Kyle and Jackie O Show' dispute

The agreement settles the one of the employment disputes between...

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