Clarke Gayford has received a confidential payment from NZME Radio after a podcast in the media company's radio arm broadcast comments about him which were untrue.
The statements were made during NZME Radio's KICK Fresh Music Friday podcast on March 25.
A joint statement from Gayford and NZME said those rumours - also published on KICK's social media page - were "damaging and untrue".
"The statements were based on rumours about Mr Gayford that are baseless lies," the statement published this afternoon on KICK's social media page said.
"NZME Radio has apologised to Mr Gayford for these publications and the hurt and distress they have caused and accepts that he has never been the subject of criminal charges and is not now the subject of criminal charges in any court in New Zealand."