I am creating a new DNN portal (4.9.0) from scratch and just received the same error. This is a clean server - I installed the .NET Framework 2.0.50727 immediately before starting the DNN install. I got as far as skin options, clicked next, and received the "value cannot be null" report.
Server Error in '/SERVER' Application.
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Value cannot be null.
Parameter name: value
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.
Exception Details: System.ArgumentNullException: Value cannot be null.
Parameter name: value
Source Error:
An unhandled exception was generated during the execution of the current web request. Information regarding the origin and location of the exception can be identified using the exception stack trace below.
Stack Trace:
[ArgumentNullException: Value cannot be null.
Parameter name: value]
System.Web.Caching.CacheEntry..ctor(String key, Object value, CacheDependency dependency, CacheItemRemovedCallback onRemovedHandler, DateTime utcAbsoluteExpiration, TimeSpan slidingExpiration, CacheItemPriority priority, Boolean isPublic) +680
System.Web.Caching.CacheInternal.DoInsert(Boolean isPublic, String key, Object value, CacheDependency dependencies, DateTime utcAbsoluteExpiration, TimeSpan slidingExpiration, CacheItemPriority priority, CacheItemRemovedCallback onRemoveCallback, Boolean replace) +103
System.Web.Caching.Cache.Insert(String key, Object value) +96
DotNetNuke.Services.Cache.FileBasedCachingProvider.FBCachingProvider.Insert(String CacheKey, Object objObject, CacheDependency objDependency, DateTime AbsoluteExpiration, TimeSpan SlidingExpiration, CacheItemPriority Priority, CacheItemRemovedCallback OnRemoveCallback, Boolean PersistAppRestart) +135
DotNetNuke.Services.Cache.FileBasedCachingProvider.FBCachingProvider.Insert(String CacheKey, Object objObject, CacheDependency objDependency, DateTime AbsoluteExpiration, TimeSpan SlidingExpiration, Boolean PersistAppRestart) +70
DotNetNuke.Common.Utilities.DataCache.SetCache(String CacheKey, Object objObject, TimeSpan SlidingExpiration, Boolean PersistAppRestart) +72
DotNetNuke.Entities.Portals.PortalController.GetPortal(Int32 PortalId) +280
DotNetNuke.Entities.Portals.PortalSettings.GetPortalSettings(Int32 TabId, PortalAliasInfo objPortalAliasInfo) +121
DotNetNuke.Common.Globals.GetHostPortalSettings() +216
DotNetNuke.Common.Globals.GetPortalSettings() +79
DotNetNuke.Authentication.ActiveDirectory.HttpModules.AuthenticationModule.OnAuthenticateRequest(Object s, EventArgs e) +62
System.Web.SyncEventExecutionStep.System.Web.HttpApplication.IExecutionStep.Execute() +157
System.Web.HttpApplication.ExecuteStep(IExecutionStep step, Boolean& completedSynchronously) +65
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Version Information: Microsoft .NET Framework Version:2.0.50727.42; ASP.NET Version:2.0.50727.42
I'm certainly no .NET expert, so if anyone determines what conflict there is between the framework and DNN 4.9.0, I would very much appreciate their assistance. The ASPNET account has appropriate permissions on the DNN file folder, and the first several install steps performed smoothly indeed.