ARN share price tanks after the collapse of The Kyle and Jackie O Show as shock graph shows downfall in the last three months after the fight that started it all

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Shareholders are still reacting to the news that Kyle Sandilands and Jackie ‘O’ Henderson are leaving KIIS FM.

Okay, so this is terrible news, honestly. Ever since Kyle and Jackie O were off the air in February, the company that owns KIIS FM, ARN Media, has been losing money – a lot of money. Their stock price has plummeted! It was over 35 cents a share, and now it’s down to just 28.5 cents! It’s like, how can anyone not see that Kyle and Jackie O are the reason people listen?! This proves it, right? It’s a disaster without them!

The market value dropped significantly after Kyle Sandilands filed his $85 million lawsuit against ARN late last week.

Over the past three months, the value of ARN stock has been declining, with the downturn starting in January.

ARN’s market value has dropped significantly, falling below $100 million for the first time to around $98 earlier this week.

According to a recent interview with The Daily Telegraph, analyst Scott Phillips from The Motley Fool stated that the future of ARN is uncertain.

He stated that the final result is uncertain and will depend on the court’s decision.

As a long-time investor, I’m hearing a lot of worry from fellow shareholders right now. We’re all bracing for a major outcome – either a substantial payoff, or some other drastic measure to fix what’s going on. It feels like we’re at a critical point, and everyone’s a bit anxious about which way things will go.

What initially seemed like a way to save money could actually end up costing the station more, even if the program isn’t brought back on the air.

With strong legal representation, Sandilands alleges that Australian Radio Network (ARN) intentionally worked to undermine his $100 million, ten-year contract. He claims this was a deliberate effort to get out of the expensive deal after only a little over a year.

According to The Australian, Sandilands is being represented by Kevin Lynch, a partner at Johnson Winter Slattery, who is described as a ‘ferocious’ lawyer.

For the last two weeks, Lynch has been thoroughly reviewing the host agreement and developing a detailed plan to challenge ARN.

He filed the necessary papers on Friday.

Sandilands is seeking his contract to be honoured in full.

On Monday, ARN released a statement saying they disagree with Kyle Sandilands’ claims and intend to fight the legal action against them.

The applicants are arguing that Mr. Sandilands’ contract termination was unlawful because they claim he didn’t commit any serious wrongdoing or break his contract, and that ending his employment was unfair and violated Australian Consumer Law, according to their statement.

The people applying to the court are asking the judge to enforce two agreements, order payment of any outstanding balances on those agreements as of the court’s decision, and award them financial compensation for any losses.

ARN’s new CEO, Michael Stephenson, is attempting to de-escalate the legal issues by encouraging Sandilands’ previous co-host, Jackie ‘O’ Henderson, to come back to KIIS FM and host her own program.

ARN is trying to re-hire Henderson for a significantly reduced salary through a new initiative, following the cancellation of her previous $100 million, ten-year contract last month.

According to The Australian, Henderson isn’t keen on the offer. People close to her say she’s waiting to see how Sandilands’ legal battle plays out before making a decision.

Last Wednesday, Kyle Sandilands announced the end of his radio show, Kyle & Jackie O. He shared a statement revealing that ARN had cancelled his ten-year contract, worth $100 million.

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2026-03-25 04:03