ARN overtaken by SEN as share price plunges

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.

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