Radio shock jock Kyle Sandilands has reached a settlement with his former employer, bringing half of a bitter legal battle to an end.
ARN Media revealed it would pay Sandilands $12 million in an ASX announcement published on Wednesday.
He will also receive $1.5 million worth of advertising services on the radio network's partner platforms, while ARN will be given a 19.9 per cent contribution from any of his new ventures for up to three years.
