Old school media stocks bounce back on the Unmade Index

Australia’s two most linear media stocks outperformed the Unmade Index on Wednesday.

ARN Media, owner of the Kiis and Gold radio networks, improved by 2.6%. And Southern Cross Austereo, owner of Triple M and Hit radio networks, along with the Seven TV network and The West Australian newspaper, came back up by 2.4%.

Meanwhile, the biggest fall for a locally based player came for Vinyl Group which lost 4.6%. Nine gave back some of its gains since agreeing to buy outdoor player QMS, losing 1.2%.

The Unmade Index ended Wednesday on 456 points, a loss of 0.22% for the day.

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