Mumbrellacast It’s the end of the (stupidly big salary) world as we know it
The highest paid radio host was officially terminated from his job this week, after his equal-highest-paid co-host Jackie Henderson was let go a few weeks back. We're talking about Kyle Sandilands of course, which is where we begin this episode of the Mumbrellacast.
Is this the end of the saga, or just the beginning? Or the long, long middle? We pick apart the wording from Kyle's impassioned media release, issued a few minutes before his ex-bosses at ARN made the news official on the ASX on Wednesday morning. He has called the lawyers in, and is claiming that his former bosses made it impossible to actually remedy the alleged breach.
Surely Sandilands won't give up his $100m pie without a dragged-out, knock-'em-down legal battle. We speculate wildly on what might happen next.
And sticking with radio, we parse the year's first radio ratings survey, where the main take-away message seems to be that -- in the world of radio -- change takes time to stick. Christian O'Connell replaced Jonesy and Amanda in Sydney breakfast for ARN's Gold, and the listeners were not willing to stick around for the shift. A few stations changed names, and listeners ran away. It's early days though -- we still believe.
Finally, a bunch of top executives in Australia’s advertising industry are facing a future of falling financial returns, as consolidation, shrinking remits, and hordes of sentient robots that love a good em dash have killed off the million-dollar leadership salary -- perhaps for good (in every sense of the word). But where do all these executives end up when the well runs dry? Maybe they can join Kyle at Lowes? Happy listening!
Get the latest episode every Thursday.