Kyle & Jackie O’s landmark deal suggests SCA takeover is all but done, right?
On Wednesday, Kyle Sandilands and Jackie ‘O’ Henderson confirmed that they had extended their contracts with ARN Media for another 10 years, locking the breakfast duo on the KIIS network until the end of 2034.
It’s huge news and one that ends months of speculation that Kyle and Jackie O could return to Southern Cross Austereo; the very station they departed in controversial circumstances in 2013. But there’s a bigger story here.
To coincide with their deal – which will see Sandilands and Henderson’s contracts increased by $2-$3 million each year – it was also announced that the Kyle & Jackie O Show will be expanding to Melbourne in 2024.
I struggle to see the argument being made here…how does one network signing three big names equal it buying another being a certainty Neil?
Also worth noting an hour after publication of this article that the Takeovers Panel put a spanner in the works of the M&A not to mention ACMA and the ACCC haven’t even entered the fray.
Far from certain I would’ve thought.