Karl Stefanovic’s podcast reality check: Show ‘barely breaks even’ as former business partner’s rumoured seven-figure payout is revealed

Karl Stefanovic’s podcast settlement has come under fresh scrutiny, with a new report claiming his former business partner received about $25,000 for her stake in the venture despite earlier suggestions of a seven-figure deal.The Australian claims Keshnee Kemp Ibrahim’s payment for her interest in The Karl Stefanovic Show was separate from her share of the cash remaining in the business.According to the newspaper, the company’s operating account held approximately $350,000 when the pair stopped working together at the end of August.Stefanovic and Ibrahim were each reportedly entitled to 45 per cent of that money, equivalent to $157,500 apiece.Ibrahim’s reported $25,000 payment for her interest in the show’s intellectual property would therefore sit alongside her share of the company funds.The figures present a significantly different picture from earlier speculation surrounding the settlement, which resolved a legal dispute between the former collaborators.  Karl Stefanovic’s podcast settlement has come under fresh scrutiny, with a new report claiming his former business partner received about $25,000 for her stake in the venture despite earlier suggestions of a seven-figure deal  The Australian claims Keshnee Kemp Ibrahim’s payment for her interest in The Karl Stefanovic Show was separate from her share of the cash remaining in the business. Pictured with KarlNews.com.au previously reported insiders had suggested the agreement could be worth seven figures. However, neither party has publicly disclosed the settlement’s financial terms. The Australian’s latest claims have also not been publicly confirmed by the pair.Despite attracting a substantial online audience, the podcast business reportedly struggled to generate enough income to do more than break even, according to sources cited by the newspaper. The reported $350,000 account balance represents money held by the company at the time of the split, rather than a disclosed figure for its total revenue or profit.The publication also reported the business was owed approximately $60,000 in outstanding advertising invoices, potentially providing both former partners with a further payment once collected.For Ibrahim, the reported proceeds would need to be weighed against the $120,000 she is said to have initially invested in the venture.The Australian also claimed she had incurred six-figure legal bills during the dispute.The settlement means Stefanovic will take control of Ibrahim’s 45 per cent stake in 123 Podcast Pty Ltd, the company behind his independent venture, The Karl Stefanovic Show. Despite the podcast attracting a substantial online audience, sources cited by the newspaper claimed the business had struggled to generate enough income to move beyond breaking even In a statement released last week, a spokeswoman confirmed the former business partners had reached an agreement.’Mr Stefanovic and Ms Ibrahim have today agreed to settle the litigation and dispute between them,’ the statement read.’While the terms of this settlement are confidential, the arrangement results in Mr Stefanovic acquiring the interests of Ms Ibrahim in the company and Ms Ibrahim exiting the company as a shareholder and director.’The statement also confirmed Ibrahim had agreed to discontinue the legal proceedings she launched against the television personality.The breakthrough comes after Stefanovic was scolded by a frustrated Supreme Court judge over delays in determining the value of the business.Last week, Justice David Hammerschlag ordered both parties to ‘get on with it’ after hearing a court-appointed valuation expert needed additional time to prepare a report.’I’m not putting up with this,’ the judge declared, questioning why the process was taking so long.He also suggested the parties should ‘get a better expert’ if the appointed valuer was unable to meet the deadline.’Experts are there for the court, the court is not there for them,’ Justice Hammerschlag said.The judge subsequently ordered both sides to submit their own one-page assessments outlining what they believed the company was worth.