ARN Media falls below $100m market cap for the first time

Tim Burrowes

March 23, 2026 5:06

The market capitalisation of ARN Media today slipped below $100m for the first time in the company’s history.

ARN, which has been on the ASX for more than quarter of a century in previous guises as APN News & Media and HT&E, lost another 4.6%, to land on a market cap of $98.6m.

While the milestone coincided with ARN’s announcement that breakfast host Kyle Sandilands has formally commenced legal action, it was a bad day across Australia’s broadcasters. Sports Entertainment Group – owner of SEN Radio – lost 9.3%. Southern Cross Austereo – owner of Triple M, the Hit network and the Seven network – lost 3.5%. And Nine lost 0.6%.

The Unmade Index, which charts the movements of Australia’s listed media and marketing stocks, fell by 1.1% to 354.5 points. The wider ASX All Ords, featuring the top 500 listed companies, fell by 0.9% today.

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.