Kyle Sandilands has settled his dispute with ARN Media for a $12m cash payout and a promise it will help him launch a new media venture.<\/p>\n
The money is a fraction of the $85m the former radio host had been seeking after his abrupt sacking from the network in February, but avoids what threatened to be a costly and potentially damaging trial in the federal court.<\/p>\n
Sandilands and his co-host on Kiis FM\u2019s Breakfast Show, Jackie \u201cO\u201d Henderson, took separate legal action against ARN after the company terminated their 10-year contracts a year in. Henderson\u2019s suit has not yet been settled.<\/p>\n
The licensee for Kiis FM, ARN Media, said in a statement to the stock exchange on Wednesday that a binding settlement had been reached with Sandilands. The agreement terminated all claims and counterclaims lodged in the federal court.<\/p>\n
It also severed all previous ties Sandilands had with the station \u2013 he had told the court he wanted to go back on air at Kiis FM.<\/p>\n
Sandilands is barred from appearing on any radio stations which compete with Kiis FM for nine months, the company told the ASX.<\/p>\n
Sign up for the Breaking News Australia email<\/a><\/p>\n ARN Media said Sandilands was pursuing \u201cindependent media opportunities\u201d and it had agreed to advertise his new venture on its radio stations.<\/p>\n The deal includes a cash settlement of $12.09m, with $3m payable next month and the balance payable monthly until June 2029.<\/p>\n \u201cMr Sandilands has advised ARN that he intends to pursue independent media opportunities,\u201d the announcement to the ASX said.<\/p>\n \u201cAs part of the settlement, ARN will provide Mr Sandilands with advertising services on ARN\u2019s partner platforms of $1,500,000 over the next three years.\u201d<\/p>\n Sandilands will share 19.9% of any revenue from his new show for three years with ARN Media.<\/p>\n Sandilands and Henderson were seeking $85m and $82m respectively from ARN, and a date had been set down for a single trial.<\/p>\n While the Sandilands matter has been settled, the company said the Henderson proceedings remain ongoing.<\/p>\n Henderson is claiming compensation<\/a> of \u201cat least $82,250,000\u201d for the wrongful termination of her 10-year contract. She told the court she had complained to ARN about Sandilands allegedly bullying her<\/a> on more than one occasion.<\/p>\n The legal stoush began when Sandilands and Henderson had an on-air argument and Henderson took immediate leave.<\/p>\n