Ooh Media doing it tough as SEG breaks $100m barrier
Craig Hutchison’s Sports Entertainment Group (home of SEN) broke the $100m cap mark today after a 12.5% gain over the day.
The sports-focussed audio and media business has been building since its sale of the Perth Wildcats (announced 2024, completed in January), and now sits comfortably in the Unmade Index as mid-tier media.
Its companions in that tier are Vinyl ($115.4m cap) and ARN ($114.3m cap), both of which lost ground today (-1.22% and -1.35% respectively). ARN, with its big name stars at loggerheads, seems to be in a world of pain (although there is the possibility it would see the dissolution of the $200m Kyle and Jackie O contract as a blessing).
Ooh, which has been falling with few interruptions since announcing solid annual numbers earlier this month, was again punished, losing 3.26%.
Nine also slipped 0.93%.
On the upside, Motio joined SEG in rising strongly, up 8.33%. News Corp edged up 1.37% and SXL (Southern Cross Media) was up 0.76%, rounding out the list of gainers.
The index ended the day at 418.6, down 0.76%.
