Media stocks hammered in FY24, unless you bought News Corp

The ASX200 rose by around 8% during the past financial year, however media stocks have taken a beating over the period, with a downfall in advertising and threats from technology companies just two of the reasons behind the crash.

Per the Fear and Greed podcast, the technology index is up 29% over the year, financial stocks jumped 23%, the consumer discretionary index was up nearly 20% and the REITs was up 17%.

But the media sector has tumbled over the last year, with major players like ARN, SCA, Nine, Seven, and Ooh!media all down significantly from their 12-month peaks. News Corp remains strong, up around 50% from its 12-month low.

Below is the ASX watch list of 15 media securities in alphabetical order.

On average, they have fallen 4.85% over the last month, and have underperformed the ASX 200 index in FY 2024 – except for News Corp.

1. ARN Media Limited (ASX: A1N)
   • Last Price: $0.625
   • 52 Week Range: $0.620 – $1.110
   • Change: The stock decreased from its high of $1.110 to $0.625, a decline of approximately 43.69%.
2. Aspen Group (ASX: ASP)
   • Last Price: $0.008
   • 52 Week Range: $0.005 – $0.019
   • Change: The stock decreased from its high of $0.019 to $0.008, a decline of approximately 57.89%.
3. Domain Holdings Australia Limited (ASX: DHG)
   • Last Price: $3.050
   • 52 Week Range: $2.770 – $4.300
   • Change: The stock decreased from its high of $4.300 to $3.050, a decline of approximately 29.07%.
4. Enero Group Limited (ASX: EGG)
   • Last Price: $1.235
   • 52 Week Range: $1.170 – $1.920
   • Change: The stock decreased from its high of $1.920 to $1.235, a decline of approximately 35.68%.
5. IVE Group Limited (ASX: IGL)
   • Last Price: $1.975
   • 52 Week Range: $1.695 – $2.520
   • Change: The stock decreased from its high of $2.520 to $1.975, a decline of approximately 21.63%.
6. The Market Limited (ASX: MKT)
   • Last Price: $0.170
   • 52 Week Range: $0.140 – $0.325
   • Change: The stock decreased from its high of $0.325 to $0.170, a decline of approximately 47.69%.
7. Motio Ltd (ASX: MXO)
   • Last Price: $0.018
   • 52 Week Range: $0.015 – $0.047
   • Change: The stock decreased from its high of $0.047 to $0.018, a decline of approximately 61.70%.
8. Nine Entertainment Co. Holdings Limited (ASX: NEC)
   • Last Price: $1.400
   • 52 Week Range: $1.355 – $2.215
   • Change: The stock decreased from its high of $2.215 to $1.400, a decline of approximately 36.79%.
9. News Corporation (ASX: NWS)
   • Last Price: $43.150
   • 52 Week Range: $28.695 – $43.370
   • Change: The stock increased from its low of $28.695 to $43.150, an increase of approximately 50.34%.
10. Ooh!media Limited (ASX: OML)
    • Last Price: $1.350
    • 52 Week Range: $1.150 – $1.867
    • Change: The stock decreased from its high of $1.867 to $1.350, a decline of approximately 27.71%.
11. Pureprofile Ltd (ASX: PPL)
    • Last Price: $0.021
    • 52 Week Range: $0.016 – $0.033
    • Change: The stock decreased from its high of $0.033 to $0.021, a decline of approximately 36.36%.
12. Sports Entertainment Group Limited (ASX: SEG)
    • Last Price: $0.280
    • 52 Week Range: $0.170 – $0.285
    • Change: The stock decreased from its high of $0.285 to $0.280, a decline of approximately 1.75%.
13. Seven West Media Limited (ASX: SWM)
    • Last Price: $0.185
    • 52 Week Range: $0.170 – $0.410
    • Change: The stock decreased from its high of $0.410 to $0.185, a decline of approximately 54.88%.
14. Southern Cross Media Group Limited (ASX: SXL)
    • Last Price: $0.610
    • 52 Week Range: $0.582 – $1.075
    • Change: The stock decreased from its high of $1.075 to $0.610, a decline of approximately 43.26%.
15. Vinyl Group Ltd (ASX: VNL)
    • Last Price: $0.100
    • 52 Week Range: $0.042 – $0.178
    • Change: The stock decreased from its high of $0.178 to $0.100, a decline of approximately 43.82%.

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Nathan Jolly

Nathan Jolly is the Deputy Editor of Mumbrella. He joined the team in July, 2023.

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topics ARN ASX200 News Corp Nine oOh!MEdia SCA Seven

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