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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.

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.

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