Kyle Sandilands is said to be keen to settle with Australian Radio Network (ARN) over fears the multimillion-dollar legal battle could drag on for years.
'Hanging over their heads': The reason Kyle Sandilands may settle his multimillion-dollar lawsuit with ARN revealed as network's stance exposed The radio shock jock could be eyeing up a settlement amid the multimillion-dollar dispute - and according to a well-placed source, it will be welcome news for executives at ARN .
Kyle Sandilands is said to be keen to settle with Australian Radio Network over fears the multimillion-dollar legal battle could drag on for years. The 55-year-old is suing his former employer for up to $88 million and claiming he was unfairly dismissed after his $100 million, 10-year contract was terminated by the network.
News.com.au now reports that reality has set in for the radio shock jock, who has realised that even if he has his day in court in October as scheduled, there's potential for the judge to only reach a verdict in early 2027. Kyle Sandilands is said to be keen to settle with Australian Radio Network over fears the multimillion-dollar legal battle could drag on for years.
Picture: NewsWire / Nikki Short Even if that decision works in Sandilands' favour and he wins, both he and ARN will have the opportunity to appeal, thus lengthening the legal fight over several more years. The length of the process is said to have motivated the radio star to want to put an end to the lawsuit sooner rather than later and get back on the airwaves.
Furthermore, an insider has told the publication that a settlement would be welcome news for ARN, which is feeling the pressure to"sort it out" fast with Sandilands.
“No one is going to invest in a company that has this hanging over their heads, and the shareholders want a settlement,” a well-placed source told news.com.au of the publicly traded company. ARN's share price has taken a dip since axing The Kyle and Jackie O Show and terminating Sandilands and his former co-host Jackie Henderson's deal. The company's share price in April last year was 60 cents, and its value was a whopping $180 million.
Flash forward to now, ARN's shares are trading at 39 cents, and its market capitalisation is around $93 million. ARN's share price has taken a dip since axing The Kyle and Jackie O Show and terminating Sandilands and his former co-host Jackie Henderson's deal. Picture: Suppliedand Sandilands was sacked over a"breach of contract". because the material made the network money.
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