ARN Media at 4-week high on settling legal proceedings with Kyle Sandilands
17/06/2026 01:59
BUZZ-ARN Media at 4-week high on settling legal proceedings with Kyle Sandilands ** Shares of Australia's ARN Media A1N.AX soar as much as 26.2% to A$0.265, their highest level since May 21
** Stock set for its best session since mid-April if current gains hold
** Media co has resolved all outstanding legal proceedings with former radio host Kyle Sandilands, agreeing to pay a cash settlement of A$12.09 million ($8.55 million)
** Co to provide Sandilands advertising services on its partner platforms of A$1.5 million over next three years as Sandilands pursues independent media opportunities
** Stock down ~34% YTD, including the session's moves
($1 = 1.4148 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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Brief: ARN Media Settles Legal Proceedings With Kyle Sandilands
Australia's ARN Media settles legal dispute with former radio host Kyle Sandilands (updated)
ARN Media at 4-week high on settling legal proceedings with Kyle Sandilands
Australia's ARN Media settles legal dispute with former radio host Kyle Sandilands