Kyle Sandilands settles with former radio station for $12m and a helping hand with new media venture

ARN Media settlement of dispute with sacked radio host includes $12.09m cash payment and $1.5m worth of advertising

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Kyle Sandilands has settled his dispute with ARN Media for a $12m cash payout and a promise it will help him launch a new media venture.

The money is a fraction of the $85m the former radio host had been seeking after his abrupt sacking from the network in February, but avoids what threatened to be a costly and potentially damaging trial in the federal court.