Kyle and Jackie O sign $200m, 10-year deal and will broadcast in Melbourne - Sydney Morning Herald

Kyle Sandilands and Jackie “O” Henderson have signed a staggering new contract that is reportedly worth more than $200 million and will see them on-air with KIIS FM for the next 10 years.

The deal, which runs until 2034 and includes base salary plus shares, will see each of the hosts of the Kyle and Jackie O Show earning around $10 million a year. It also brings the show live to Melbourne for the first time from next year.

KIIS’s star radio hosts Kyle and Jackie O.

In announcing the deal to the ASX on Wednesday morning, publicly listed comapny ARN Media, which owns the KIIS and Gold networks, revealed it has also signed Melbourne’s top-rated FM breakfast radio presenter Christian O’Connell for another five years.

The contracts mean Sandilands and Henderson will remain with the network until the end of 2034, while O’Connell – who has stated his desire to eventually have his show broadcast into the Sydney market – will remain with Gold until the end of 2039.

As part of the deal to secure the long-term future of its three biggest on-air talents, ARN revealed “$7 million worth of shares in ARN Media (equivalent to approximately 7.5 million shares at yesterday’s closing share price), will be issued to Kyle Sandilands, Jackie Henderson and Christian O’Connell and will vest at the end of the contract term”.

Those new arrangements come into effect from January 2025. Efficiencies from simulcasting the Kyle and Jackie O Show are expected to reduce the cost of the new deals “to a net total increase of approximately $2-3 million per annum”.

In the latest radio ratings, Kyle and Jackie O had the top-rated show in Sydney, with a 16.3 per cent share of all listeners in the breakfast slot. That was up from 14.7 per cent in the previous survey.

O’Connell held an 11.5 per cent share of the Melbourne radio market with his breakfast show on Gold. That was down from the 12.2 per cent share he scored in the previous survey, but it still left his show as the most listened-to program on FM radio in the all-important breakfast slot.

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2023-11-21 22:04:11Z
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