ARN rebounds on the Unmade Index as Vinyl leads the fallers

Tim Burrowes

April 13, 2026 4:51

ARN Media continued to rebound on Monday with the share price recovering by another 15.8% to a market capitalisation of $68.9m. Last week saw ARN slide by more than 25% as investors mulled over news of legal battles with former presenters Kyle Sandilands and Jackie Henderson.

Meanwhile most Unmade Index stocks slid on Monday.

The biggest fall was Vinyl Group which lost 4.7% as it told the market that it had completed the purchase of Val Morgan’s digital publishing operation from Hoyts with the help of a $10m loan from chairman Ken Gaunt.

While $7m of the loan will go towards the Val Morgan purchase, the other $3m will be spent on keeping the lights on at the loss-making company. Based on the current RBA cash rate, the loan will cost Vinyl around $900,000 per year to service.

Hoyts boss Damian Keogh has joined the Vinyl Group board while former chair Linda Jenkinson has resigned “effective immediately”. Vinyl did not offer an explanation for the abruptness of the departure.

Other major media stocks going backwards today included Nine (down 1%); Ooh Media (down 0.5%) Ive Group (down 2.6%) and Southern Cross Austereo (down 1.8%).

The Unmade Index was down by 0.96% for the day to 376.4 points.

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.