Daily Roundup

A1N.ASX

ARN Media Ltd has closed the book on its legal dispute with Kyle Sandilands, reaching a settlement that brings clarity to both parties' futures. The radio and media company will pay Sandilands $12.09 million in staged installments, with an initial $3 million due in July 2026 and the remainder distributed monthly through June 2029.

Beyond the cash settlement, ARN is providing $1.5 million in advertising services over the next three years—a sweetener that underscores the company's interest in maintaining some form of business relationship with Sandilands' upcoming independent ventures. In fact, ARN will receive a 19.9% net revenue share from Sandilands' new media projects for up to three years, though this comes with certain revenue thresholds and caps attached.

The agreement makes clear that Sandilands won't be returning to provide services for ARN Media going forward. Instead, he's free to pursue his independent media opportunities, though he's bound by a non-compete clause that prevents him from working with ARN's direct competitors until March 2027. This restriction gives ARN roughly nine months of breathing room as Sandilands charts his next chapter.