ARN battles back as Unmade Index improves

Tim Burrowes

April 1, 2026 4:45

ARN Media shares staged a recovery on Wednesday after yesterday’s drastic selloff triggered by Jackie Henderson’s legal action against the company.

After losing 19% on the news that the radio host had launched Federal Court action seeking more than $80m over her acrimonious exit, ARN bounced back by 8.5% today, to a market capitalisation of $79.8m.

It was another day of improvement on the Unmade Index which moved upwards by 0.68% to 370.9 points. However this underperformed the wider market with the ASX All Ords gaining 2.3% on hopes of easing Middle East tensions.

Southern Cross Austereo improved by 2.8% while Nine was up 2.1%.

The biggest fall of the day was Enero which lost 5.2% to return to its historical low point of a $41m market cap.

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.