Ooh Media no longer a half billion dollar company in another bloody day on the Unmade Index

Tim Burrowes

March 11, 2026 5:08

The downwards elevator lurched again for the Unmade Index on Wednesday, as the ASX continued to punish media and marketing stocks.

In a major milestone, the market capitalisation of outdoor advertising giant Ooh Media fell below the half billion dollar threshold just as the market closed.

Despite the wider ASX All Ordinaries improving by 0.6%, the Unmade Index lost another 2.9% to hit another record low of 366.2 points.

While Ooh Media’s fall of 1.6% to a market cap of $498m was a landmark, the stock was not the worst hit on the day.

Print and marketing services conglomerate Ive Group lost 5.3% to land on a $414m market cap.

Among the broadcasters, Nine lost another 1.6% to land on another record low of $1.4bn; SouthernCross Austereo lost 3.1% and ARN Media lost 1.4%.

Vinyl Group lost 1.2%.

Today’s fall means the Unmade Index has hit new record lows on eight of the last 12 trading days, and has lost more than 10% so far this month.

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.