Radio star salaries leave TV in the dust
The commercial heyday of radio may be in the rear mirror, but there are still at least 18 Australian radio presenters on annual salaries of $1 million or more, with the medium’s biggest names far out-earning those on television.
On Sunday, The Australian released its inaugural Television Rich List, featuring the country’s 35 top-paid television personalities. Of these, just nine commanded salaries of over $1 million, with the top earner, Karl Stefanovic, earning $2.8 million.
Radio’s two biggest-name stars, Kyle Sandilands and Jackie ‘O’ Henderson, are currently on year two of a mammoth $200 million, 10-year contract with ARN, meaning they each net $10 million each year. They are by far the highest-paid radio stars in the country – and in the history of Australian radio.
CEO’s who are poor negotiators, sign off on insane talent deals, then cost cut by redundancies/offshoring roles across the rest of the business. Thats how you radio!