Holleran discusses Kyle with staff

Southern Cross Austereo CEO Rhys Holleran has held an all staff meeting at 2Day FM in Sydney to discuss the Kyle Sandilands incident.

Holleran told attendees that he understands the issue has "put a lot of pressure on staff (and) taken a toll", he went on to say that what Sandilands said was wrong.

The meeting was one at which all staff were requested to attend, however both Kyle and Jackie O were absent.

This week Southern Cross Austereo made a presentation at the UBS Emerging Companies Conference in which they said "The Kyle Sandilands on-air incident has had a minor effect on revenues in H1 and is expected to be immaterial in H2".