http://www.news.com.au/entertainment/st ... 60,00.html
THE scandal which cost Kyle Sandilands his $1 million Australian Idol job is hitting his radio bosses where it hurts the most - the bottom line.
Two key advertisers yesterday pulled the plug on deals with the Austereo network.
And Sandilands' own finances were under the microscope, with documents revealing he had debts about $2.2 million.
While his wife Tamara went on a shopping spree yesterday, Sandilands dodged media as he drove his mortgaged Rolls Royce Phantom into the couple's new St Ives home.
Sandilands - whose earnings last year were tipped at $3.8 million - suspended himself from work after Austereo bosses wanted to install a kill switch on The Kyle And Jackie O Show.
Austereo sales staff were in crisis yesterday, as American Express and Optus joined Qantas and Channel 10 in pulling advertising dollars from the show. Optus is understood to have cancelled its sponsorship after customer threats of a boycott.
American Express also pulled its online advertising, telling Austereo to remove a banner campaign running on the 2DayFM website by close of business yesterday.
An American Express spokeswoman said community outrage forced a review.
"American Express has taken the decision to remove advertising from the 2DayFM website, as recent past and current content on the site do not reflect our brand values," the spokeswoman said.
A Ten spokeswoman said advertising dollars for Idol would be redirected.
Sandilands' lifestyle and business interests incurred millions in debt last financial year.
In December last year he took out a $530,000 mortgage on his Rolls Royce Phantom with Westpac.
The $1.9 million St Ives mansion he is believed to share with wife Tamara, her sister Jeumana and others carries a $1.71 million mortgage with the National Australia Bank, registered in July last year.
Also in July 2008 a company owned and operated by Sandilands, Libemo Nominees, mortgaged everything it owns to the NAB in return for a loan of undisclosed size.