ARN’s radio empire is in freefall after losing Kyle Sandilands and Jackie O, hitting a 14% revenue drop and posting a $28 million loss — all fallout from a March on-air meltdown that triggered advertiser exodus, legal bills over $17 million, and a forced pivot to digital. The network’s bosses are calling it a “reset,” betting big on podcasts and streaming to revive fortunes, even as they pause dividends and admit their current ad revenue doesn’t match their audience. With the digital video market alone worth $5 billion, ARN’s gamble hinges on whether the future is loud enough to drown out the past.
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