Kyle Sandilands settles with ARN for $12 million amid financial pressures

Kyle Sandilands reached a $12 million settlement with ARN this week amid growing financial pressures from multiple mortgages. His new $2 million mortgage bears interest rates up to 29.75 percent, pushing him to sell his Glenorie property. As economic troubles loom for Southern Cross Media, job cuts have also led to disruptions in local newsrooms.

Summary by OZbrief Editorial · Brisbane Times · Source