ARN Media has reached a $12.09 million settlement with radio personality Kyle Sandilands, as announced to the Australian Securities Exchange (ASX) on Wednesday. The agreement concludes negotiations following Sandilands’ departure from the network. The payment structure includes an immediate disbursement of $3 million, scheduled for next month. Details surrounding the reasons for the settlement remain limited, but it signifies the financial terms of Sandilands’ exit. This substantial payout reflects the value ARN Media placed on retaining Sandilands, or conversely, the cost of his departure. The deal was described as “exceptionally good” by sources close to the negotiations. Further details of the agreement are expected to be disclosed in subsequent financial reports.