ARN plunges as wider Unmade Index gains ground
ARN Media’s market capitalisation dropped by a precipitous 19% today, as the market reacted to the news that Jackie Henderson has launched her own court case over the end of the Kyle & Jackie O Show.
The market capitalisation of ARN Media fell to just $73.6m.
The company’s market cap is now dwarfed by both the $82.3m being sought by Henderson and the $85m by Kyle Sandilands, who launched his own Federal Court action last week.