Carrington Clark

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.

So they were previously with Southern Cross Media through the Today Network here in Sydney.

They were huge stars, but they couldn't come to an agreement about how much they thought they were worth versus how much their previous employer thought they were worth.

They sign on and effectively brought their entire audience along with them.

They rebranded the station here to KISS, and they really were the powerhouses behind ARN's success.

And that's why we saw them grow.

sign this huge deal.

I mean, these were extraordinary numbers even at the time, though I think with the benefit now of hindsight, they were numbers that were not going to be sustained in a fragmenting media market.

And so this is messy.

The board did not want to talk too much about this because they said it is before the courts and you can understand that argument.

But yes, that question fundamentally, at the time that they signed this contract, there was champagne,

Poppin, this was a huge celebration about locking in their two biggest stars for a very long period.