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

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.

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