News Corp a lonely winner after a week to forget on the Unmade Index

There was some relief as the market closed after a bad week for most media, but the word “rally” would be entirely inappropriate.

This was a week in which four of the established players on the Unmade Index delivered yearly or half-yearly updates: Nine, Ive, Southern Cross, and ARN. Each one of those companies lost significant ground.

Comparing market caps to this time last week, SCA was the hardest hit, losing 9% or close to $29m in the week. Today, with an announcement of two distinguished names coming on to the board, the price was flat.

Ive was down 3.55% in the week, Ooh down 3.30%, ARN -2.78% and Nine -1.60%.