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Star hosts blamed for $22m ‘brand safety’ loss
- On Thursday, ARN Media shareholders overwhelmingly rejected the company's executive remuneration report at its annual general meeting, with more than 90 per cent of proxy votes opposing the pay plan.
- Chief executive Michael Stephenson revealed ARN lost $26.4 million in advertising revenue during 2025/26, as clients pulled spending over "brand safety" concerns linked to the Kyle and Jackie O Show.
- Chairman Hamish McLennan confirmed ARN is "committed to defending these claims and actively pursuing the cross-claims" regarding $170 million in combined lawsuits from former hosts Kyle Sandilands and Jackie Henderson.
- Despite investor criticism, McLennan secured re-election with 80 per cent of the vote and announced a personal $500,000 investment into the company to demonstrate confidence in ARN's strategy.
- ARN's share price has plunged around 52 per cent over the past 12 months to around 26 cents per share, while the company's market capitalization has fallen to approximately $81 million.
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Radio giant claims unwanted piece of Aussie history amid Kyle, Jackie O scandal
Investors in the radio giant which aired Kyle Sandilands and Jackie 'O' Henderson's now-defunct show have delivered an overwhelming backlash against the network's executive pay packets, as share prices plummet over the ugly legal fight between the former hosts.More than 90 per cent of ARN shareholders voted against the company's latest executive pay report at its annual general meeting (AGM) this morning.That makes it the largest remuneration st…
·Australia
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
Factuality
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