ARN overtaken by SEN as share price plunges

Tim Burrowes

April 8, 2026 4:51

ARN has undergone a new humiliation, with radio rival SEN for the first time ending the day with a larger market capitalisation.

How ARN fell behind SEN

ARN, owner of the Gold and Kiis FM radio networks, ended Wednesday with its market cap below $70m for the first time, pluging by 14.9% to $62.6m. Since ARN ended the Kyle and Jackie O Show just over a month ago, ARN’s share price has declined by 44%.

Meanwhile Sports Entertainment Group, owner of AM and digital minnow SEN Radio, gained 2% to close on $70.2m.

The biggest gain on the Unmade Index was for Ooh Media which saw two momentous developments today, with the axing of its retail media operation Reo and the departure of chair Tony Faure. Ooh Media ended the day up 3.2% to a market cap of $514.8m.

The Unmade Index gained 1.61% for the day, finishing on 377.8 points.
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7.20pm: This post has been updated after ARN Media fell further in a closing trade

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.