Kyle Sandilands's contract lawsuit reaches multi-million dollar settlement

Radio personality Kyle Sandilands has reached a multi-million dollar settlement with his former employer, ARN Media, ending a legal dispute over the termination of his lucrative contract. The agreement, announced Wednesday, will see ARN Media pay Sandilands $12.09 million to resolve the lawsuit that was headed for the Federal Court.

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the media company has agreed to pay the radio shock jock $12.09 million to settle the legal dispute before the Federal Court.

Beyond the direct payment, ARN Media has also agreed to promote Sandilands's new, independent media project across its platforms. This advertising deal is valued at $1.5 million and will span three years. In return, Sandilands will enter into a revenue-sharing arrangement, granting ARN Media 19.9 percent of the income generated by his new venture.

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Sandilands has agreed to a revenue share arrangement with ARN, providing the media company with 19.9 per cent of the revenue from his new venture.

The settlement includes a non-compete clause, restricting Sandilands from engaging with ARN Media's direct competitors for a period of nine months. This clause, detailed in the ASX announcement, aims to protect ARN's market position while Sandilands launches his new project.

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Sandilands cannot engage with ARN's direct competitors for nine months