Kyle Sandilands speaks out about the 'embarrassing' moment he had to tell his wife his $100 million contract had been terminated

Kyle Sandilands has spoken out about the humiliating moment he had to tell his wife Tegan that his multi-million dollar ARN contract had been terminated.

The former radio star, 55, opens up about the painful moment in a newly released trailer for the second episode of his new docuseries At Home With Kyle, which follows the behind-the-scenes chaos in his life following his shock axing.

'That was the most embarrassing thing I have ever had to do in my life. I stood up, took a breath and walked out. She was playing with our son Otto,' an emotional Kyle said in the clip.

'She looked at me and just knew instantly that something was wrong. She stood up and asked what was wrong, and I said, "They are trying to terminate the contract. They are going to fire me".' 

Kyle added that his wife was in shock over the news and had to take some time to process it.

'She said, "Over what?" and hugged me. She is probably hiding a lot of pain. It just gets worse and worse,' he said.

The veteran presenter also shared a never-before-seen clip from March, filmed by his long-time manager Bruno Bouchet, which captured his devastated expression moments after learning his contract had ended.

'That was a me and Bruno moment where I didn't have to put on the brave husband or dad face,' Kyle told viewers. 

He also revealed that his close friend Russell Crowe had advised him to reach out to his former co-star Jackie 'O' Henderson to make amends - but he wasn't permitted to do so.

'Been talking to Russell this morning, on text. He was like, "just ring her bro, you know, you guys did build this, blah blah blah",' Kyle said.

'I said, "I'm sorry, I have reached out a few times but it's now been asked not to, legally".'

It comes after he revealed the exact moment he learned ARN wanted to cancel his multi-million dollar contract following his epic fallout with Jackie 'O' on The Kyle & Jackie O Show.

The shock jock reflected on the moment during the first episode of his new series.

He explained that he was left dumbfounded after receiving a text from his manager saying the company was trying to cancel his contract. 

'I thought, whose contract? I didn't think mine... I thought maybe they were trying to cancel Jackie's,' he recalled. 

After asking for clarification, he received a one-word reply: 'Yours.'

'I sat up out of bed and thought, 'What the f*** is going on here? This is an ironclad contract. I mean, a 70-page bible that was impenetrable, ' he said.

He said the prospect of losing his job immediately triggered concerns for his family and the people who depended on him.

'I've got this family. I've got businesses all over the place. I've got my own staff... everyone's got these mortgages. I've got $20 million worth of them,' he said.

Despite everything that transpired, he insisted he has no ill feelings towards Henderson.

'I'll always love and respect her like a sister. I'll never say anything bad about Jackie,' he said, revealing that he texted her that 'no matter what' they would be 'good'.  

He added that he hoped his former co-host goes on to find success and said he has accepted they may never fully understand what caused the relationship to collapse.

The episode ended with Kyle recalling waiting for the phone call that would determine whether he would return to breakfast radio - or lose everything.

'During all of this... all I'm thinking about is, am I gonna get that call? I'm back on air, or I'm fired. One or the other, what's it gonna be?' he said.

The episode then closes with a newsreader announcing: 'Kyle and Jackie O, the famous radio show that reigned for 25 years, is finally over.' 

A final shot shows Kyle looking heartbroken while reacting to the news.