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Australia's ARN Media settles legal dispute with former radio host Kyle Sandilands (updated)

UPDATE 1-Australia's ARN Media settles legal dispute with former radio host Kyle Sandilands

Adds details, context and share prices

- ARN Media A1N.AX said on Wednesday that it has entered a binding settlement with Kyle Sandilands to resolve all outstanding legal proceedings, agreeing to pay the former radio host a cash settlement of A$12.09 million ($8.54 million).


Here are the details:

  • The media company said legal proceedings are still ongoing with Jacqueline Henderson, popularly known as Jackie O.

  • Jacqueline Henderson and Sandilands hosted The Kyle & Jackie O show under ARN until early March, when the company terminated Henderson's contract after ARN said she gave notice, saying "cannot continue to work with Mr Kyle Sandilands."

  • The company terminated its contract with Sandilands in mid-March, after which it saw legal proceedings initiated by both the radio hosts later that month in relation to the terminations.

  • As part of the settlement, ARN will also provide Sandilands advertising services on its partner platforms of A$1.5 million over the next three years as Sandilands pursues independent media opportunities.

  • ARN and Sandilands also agreed to the net revenue share arrangement, providing ARN a contribution of 19.9% from Sandilands' new venture for a period of up to three years from commencement, subject to agreed revenue thresholds and caps.

  • Shares of ARN were up as much as 31%, jumping most since late October 2021.


($1 = 1.4150 Australian dollars)


(Reporting by Nichiket Sunil in Bengaluru; Editing by Sherry Jacob-Phillips)

((Nichiket.Sunil@thomsonreuters.com;))

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