Aussie radio host reaches $14.5m settlement, ending legal stoush
Summary
Radio shock jock Kyle Sandilands has settled with former employer ARN Media, which will pay him AU$12 million (NZ$14.5 million) plus AU$1.5 million (NZ$1.8 million) in advertising services. ARN will receive 19.9% of proceeds from Sandilands' new ventures for up to three years, and he cannot work with ARN's direct competitors for nine months.
ARN said the agreement resolves its dispute with Sandilands and provides certainty as it focuses on efficiency, its core radio network, digital investment, and long-term growth. Legal proceedings involving former KIIS FM co-host Jacqueline "Jackie O" Henderson continue; both hosts had sued after a February on-air spat led to their show being axed, while ARN argued their departure cost key advertising revenue.
(Source:1news)