How much are Aussie radio stars really worth?
Radio is big business here in Australia, with some of the industry’s brightest stars earning a significant amount of money.
The standouts are Kyle and Jackie O, who earn a reported $5 million each a year. Rumours suggest annual salaries of $4 million each for the recently retired from radio, (for now at least), Hamish Blake and Andy Lee, as well as Eddie McGuire and Alan Jones.
Other big names like Kate Langbroek and Dave Hughes – who famously fought for pay parity last year – plus Amanda Keller, Ross Stevenson, Ray Hadley, Neil Mitchell, Fifi Box and Mick Molloy, each reportedly earn a couple of million dollars per year for their efforts on the airwaves.
But that’s peanuts compared to U.S. radio giant Howard Stern, with Forbes magazine revealing that the SiriusXM host earns a cool US$90 million (AU$113 million) a year – handing him the title of “world’s highest paid radio host”.
Forbes analyst Hayley C. Cuccinello also estimated that Rush Limbaugh and Ryan Seacrest earned US$84 million and US$58 million per year respectively.
While these figures are astonishing, they’re somewhat in proportion with the size of the radio market in the U.S. (at about US$27 billion) – compared to the Australian radio market, which is estimated to be worth just short of $800 million from ad revenue.
Are Australia’s top radio talent worth every penny? Let us know in the comments section.