Ooh Media sinks as QMS aftershocks continue

The Ooh Media share price slumped to its lowest point in a year as the reverberations of Nine’s purchase of QMS continued to rattle through the market.

Ooh Media lost 4% today. The outdoor company now has a market capitalisation of $652m.

Last week Nine announced that it had agreed to buy QMS, removing it as a potential buyer of Ooh Media.

On a mostly negative day in the index, Nine lost 0.8%, Sports Entertainment Group lost 3.5%, Global Traffic Network lost 5.5%, Pureprofile lost 5.8% and Motio sank 6.3%.

The Unmade Index closed down 1.01% for the day, on 451.3 points.

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