The company's overall value is now lower than the value of Sandilands’ $100 million contract.
Mediaweek has gone through the filing in detail.
The broadcaster's state of claim against his former employee has finally been revealed.
ARN Media confirmed that Sandilands has commenced legal proceedings, with his team playing the consumer law card.
Plus: Matt Brittin, Tanya Phegan, Sam Hoarem, Maddie Marovino and many more.
“They don’t have hundreds and hundreds of thousands [of dollars] to fight their dismissal.”
“My lawyers told them last week this would be invalid. And guess what? It is.”
Kyle Sandilands faces a pivotal ARN deadline as speculation grows about legal action and a possible takeover play.
Under the new conditions, future breaches may trigger stronger enforcement options for the regulator.
And he’s not pulling punches.
The event will be held at the beachfront InterContinental Sydney Coogee Beach.
The KIIS FM breakfast host said he wanted to speak "directly to my listeners".
It's the first time he's properly 'broken his silence' over the drama.
The comments come after ARN announced the end of The Kyle and Jackie O Show.
