Michael Stephenson lands at ARN as it’s looking to free up cash after signing Kyle Sandilands and Jackie “O” Henderson to a landmark $200 million contract.
Stephenson, who announced his resignation from Nine Entertainment last week after 18 years at the company, lands at ARN as it’s looking to free up cash after signing Kyle Sandilands and Jackie “O” Henderson to a landmark $200 million contract.
With ARN’s market share down, its advertising dollars have also struggled amid a wider downturn. For the year until October 30, ARN’s advertising revenue was down 6 per cent, $5 million in total. Competitors Nova and Southern Cross did not experience losses to the same extent.
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