Carrington Clark

Frustrations boiled over at the ARN Media Annual Shareholders Meeting, with owners voicing anger at the performance of the company in recent years and its messy divorce from two of its biggest stars.

Meanwhile, the price of oil has dropped, with markets seeming to pull from never-ending reserves of hope that the Strait of Hormuz is soon to open.

So what should we make of these market moves?

Welcome to ABC Business Daily.

I'm Carrington Clark.

Good morning, Alicia.

Thank you for joining us early.

You're usually spending your time prepping for the telly, where people will be able to see you on The Business later today.

But you've joined us here in the pod studio, so good to have you.

Let's turn our attention to ARN Media.

There was a lot of anticipation about this meeting.

Usually, media companies do not like to be the ones in the headlines, but they have found themselves in the headlines for the last few months because of this very messy fallout with two of its

Kyle Sandlins and Jackie Henderson, better known as Kyle and Jackie O. Now they used to be the dominant force in Sydney breakfast radio.

They signed this mammoth deal that would have seen them be contracted to the company for 10 years.

They also tried to go and conquer Melbourne.

That was less successful.

And now we have this court action playing out in the backdrop of this ARN shareholders meeting.

First of all, what's the state of play as you see it when it comes to ARN?

And then talk us through what we've seen at the shareholders meeting.

Casting our minds back to when Kyle and Jackie-O first came over to ARN.