Media Winners & Losers
Reporting season approaches for the country’s listed media companies, so what message did the performance of their share prices tell us in the year to June 30? APN, Fairfax Media and News Corp stood out with strong gains – for differing reasons, none of which will do anything to ease the feelings of doom and gloom about their future. The laggard among the listed media companies was Southern Cross because of personnel changes at its key Sydney radio station and its affiliation with the weak Ten Network.
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