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.