Tough times in the media business

IT HAS not been a good financial year for media stocks, with most losing ground over the past 12 months. Fairfax is down from about $1.35 at the start of fiscal year 2011 to 98? at the end of it. APN went from almost $2 a share to $1.32 yesterday, Network Ten went from $1.46 to $1.06 and Consolidated Media Holdings slipped from $3.15 to $2.61. News Corp recorded a marginal rise, up from about $16.54 to $16.64.

By InvestSMART · 1 Jul 2011

By InvestSMART ·
1 Jul 2011

Share

Comments

Print

IT HAS not been a good financial year for media stocks, with most losing ground over the past 12 months. Fairfax is down from about $1.35 at the start of fiscal year 2011 to 98? at the end of it. APN went from almost $2 a share to $1.32 yesterday, Network Ten went from $1.46 to $1.06 and Consolidated Media Holdings slipped from $3.15 to $2.61. News Corp recorded a marginal rise, up from about $16.54 to $16.64.

Share this article and show your support

Proudly

Tough times in the media business

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}

{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

Updating information

Please wait ...

Your membership to InvestSMART Group recently failed to renew.

You've recently updated your payment details.

Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial

Please click on the ACTIVATE button to finalise your membership

Unsuccessful registration

Forgotten password