Kyle Sandilands has been seen meeting with Hamish McLennan, chairman of his former employer ARN Media, as his $85 million legal dispute with the company continues.
Footage published on Daily Mail Australia’s Instagram shows the deer-in-headlights-looking-McLennan, standing in the doorway of his Darling Point home before retreating inside after noticing waiting media.
Sandilands, by contrast, approached reporters, telling one he was “back from my little walk”.
When asked who he had been visiting, he declined to comment and continued to his nearby car.
An industry source told Mediaweek the meeting may be linked to ARN’s upcoming AGM on Thursday, where McLennan is due to stand for re-election.
The source said the timing could reflect an effort to signal progress amid ongoing legal proceedings, particularly as the company navigates investor scrutiny following the fallout from The Kyle and Jackie O Show.
“It could either be that Hamish wants something good to announce about a potential settlement with Kyle,” the source added.
“It could also be that it’s in both their interest to have ARN share price go up in the short term while the messy legal stuff is being worked out, so photos of Kyle and Hamish together could give investors a sense that a peace deal has been done.”
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AGM pressure builds
The meeting comes as pressure builds ahead of ARN’s AGM, with The Australian’s ‘Margin Call’ last week reporting that McLennan had been actively engaging shareholders in the lead-up to the vote.
According to the publication, investor focus has extended beyond the ongoing Sandilands dispute, with concerns also raised around executive remuneration and company performance.
ARN appointed Michael Stephenson as CEO in October. His remuneration package includes a base salary of $1.1 million plus incentives.
Main image: Hamish McLennan and Kyle Sandilands. Source: Daily Mail Australia