Merger mania starts to fade for ARN Media

Oct 06, 2025

Welcome to a public holiday-light edition with a quick update on the Unmade Index after a rough day for ARN shareholders.

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ARN Media takes 9.6% hit

ARN Media gave back half of last week’s gains in a rough day on the Unmade Index.

The public holiday in NSW, the ACT, Queensland and South Australia resulted in a light day of trading on the ASX, with most Unmade Index stocks trending downwards.

ARN Media had the worst of it, losing 9.6% after gaining 19.8% last week thanks to the announcement of the merger of Southern Cross Austereo and Seven West Media.

Seven West Media lost 3.5%, taking its market capitalisation down almost to the point it was before the deal announcement. SCA gained 1.2% today.

Nine also had a poor day, losing 1.6% and falling back below a $2bn market cap.

The Unmade Index closed down 1.41% for the day, on 488.3 points.

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