ARN Media’s share slump hits 47% for the year

ARN Media’s sliding share price saw the company lose another 3.8% in valuation today, taking it down by 8.3% over the last five days, by 18.1% over the last month and by 47.3% so far this year.

ARN – the owner of the Kiis FM and Gold networks – hit the face-losing milestone today of being eclipsed for market capitalisation by publishing minnow Vinyl Group.

ARN Media’s $119m market cap is now just behind Vinyl’s $120m.

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