ARN Media’s price plunge extends into second day

Tim Burrowes

April 9, 2026 4:46

ARN Media’s price plunge extends into second day

ARN's market cap has declined 68% since Stephenson was named CEO in October

The extraordinary decline of ARN Media’s market valuation continued on Thursday, with the company losing another 10%, after a fall the previous day of 14.9%.

ARN – owner of the Kiis and Gold FM radio networks – ended the day with a market capitalisation of $56.3m after briefly dipping as low as $50m.

The company’s 18c closing share price is now just a tenth of the $1.80 per share it was valued at five years ago, and less than 1% of the $18.40 it was trading at 20 years ago when the business was known as APN News & Media.

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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.

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1 COMMENTS

Anonymous 10 Apr 26

After failing to complete the deal for SCA (given the opportunistic share raid to cover up its digital and programming deficencies) its looks like a “home goal” with the axing of Kyle & Jackie.

The Chairman, Board and CEO should be held accountable – even though Stephenson only axed K&J. I am sure investors and advertisers are seeing the clear picture – turmoil and failure.

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