ARN is reportedly set to settle with Kyle Sandilands for $15 million after the KIIS FM owners terminated his $100 million contract.

Radio shock jock Sandilands has already started laying the groundwork for his next venture as he closes in on a settlement agreement with his former employer, ARN Media.

The former radio shock jock has started laying the groundwork for his next venture, which is shaping up as a subscription-based live online show with audio and video.