CompaniesChanticleerChanticleerARN’s settlement with its former star Kyle Sandilands is a story of folly, and then pragmatism. Shareholders are rejoicing.Having dug itself the biggest hole in the history of Australian media, FM radio group ARN Media has just bought itself a $12.09 million ladder.ARN’s settlement with its former star Kyle Sandilands is a lesson in pragmatism, and shareholders in the media minnow rejoiced by sending the stock up as much as 26 per cent on Wednesday morning.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Media & marketingFetching latest articlesMost Viewed In Chanticleer