Kyle & Jackie O’s new 10-year deal nets them millions in shares

afr.com:

Kyle Sandilands and Jackie Henderson have officially signed a 10-year extension to their contract with ASX-listed media company ARN Media, in a deal that gives them a percentage of extra revenue and millions of shares as a bonus.

The new deal lasts until the end of December 2034, and includes the show being broadcast in Melbourne on KIIS 101.1 next year. ARN owns the KIIS FM and Pure Gold network brands.

Kyle Sandilands and Jackie “O” Henderson are among the most powerful players in Australian radio. 

ARN Media held an all-staff meeting at 8am on Wednesday morning to announce that Sandilands and Henderson have re-signed.

ARN also announced it has extended the contract of its top-rating GOLD 1043 Melbourne host, Christian O’Connell, for five years, taking his term until December 31, 2029.

Sandilands and Henderson are two of the most powerful players in Australian radio, and ARN’s bid to woo them has even included bespoke skywriting. Their new contract is said to be worth $200 million over the 10 years and is described by ARN insiders as “multi-layered”.

All three contracts include a base salary, a percentage share of revenue above what is now earned – known as “incremental growth”, and sign-on bonuses mainly made up of shares in ARN. Those sign-on bonuses do not vest until the end of the respective contracts.

The bonuses were worth a combined $7 million for all three hosts, sources said, equivalent to about 7.5 million shares as of yesterday’s share price.

Sandilands, Henderson and O’Connell’s combined base salaries would increase by about $2 million to $3 million a year over the course of the contracts, ARN said.

The company’s executives said price rises would be offset by cutting some costs and by airing the Kyle and