Nine leads Unmade Index back up but 400 points remains out of reach

Tim Burrowes

March 5, 2026 5:07

Nine, the biggest locally headquartered stock on the Unmade Index, moved back above a $1.6bn market capitalisation on Thursday.

The 2% improvement in Nine’s valuation was reflected in what was a better day at the top end of the Unmade Index for most stocks including Ooh Media growing by 2.1%, ARN Media by 1.4% and Southern Cross Austereo by 0.8%.

In the lower reaches of the Unmade Index, Vinyl Group – which will shortly buy Val Morgan’s publishing portfolio – had a bad day, losing 5.8%.

Sports Entertainment Group, owner of SEN Radio, lost 9.1% today

The Unmade Index improved by 5.8% to 394.5 points. On Tuesday, the index fell below 400 points for the first time.

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.