Reversal of fortunes for SCA and SWM on today’s Unmade Index

Tim Burrowes

December 1, 2025 4:59

The two merging stocks of Southern Cross Austereo and Seven West Media saw their fortunes move in opposite directions on Monday. SCA’s share price fell by 3.7% while SWM’s improved by exactly the same amount.

The current combined market capitalisation of the two companies is $397.3m. When the pair first announced their merger two months ago, their total value was $417m.

Elsewhere on the Unmade Index, Vinyl Group, publisher of titles including Variety Australia, Rolling Stone Australia and Mediaweek, lost 2.3%.

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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.