Cash, insurance and a secret go-between: Inside ARN’s deal with Kyle (opens original article in a new tab)

ARN Media settled with Kyle Sandilands for $12.09 million, leading to a 26% stock increase as shareholders reacted positively.

• ARN Media settled with former star Kyle Sandilands for $12.09 million.
• Shareholders reacted positively, with stock rising 26% following the settlement.
• The settlement is described as a pragmatic move after a significant financial crisis in Australian media.