ASX listed Australian media and marketing companies punished in 2018
Australian media and marketing stocks were not immune from the ASX’s travails in 2018. Mumbrella’s Paul Wallbank looks at which stocks delivered the best, and worst, results for investors over the year.
Alan Jones and John Singleton are among the few fortunate investors in a disappointing year for listed Australian media and marketing companies with Macquarie Radio Network leading the sector in 2018.
The majority Nine-owned network recorded a gain of 36% and was only one of five companies in the sector to beat the ASX All-Ordinaries Index, which itself fell 7% in year where companies were punished for underperformance and executive dysfunction.
How Australian media companies performed in 2018 (Click to enlarge)
Great to see Matthew Melhuish and his Enero group’s market recognition for years of concerted leadership and effort.