Nine slips on Unmade Index as the market prepares for dividend day

Tim Burrowes

September 8, 2025 6:07

Australia’s listed media and marketing companies started the week in negative territory, with most of the Unmade index going backwards.

The biggest stock, Nine, lost 2.6% to land on a market capitalisation of $2.6bn. On Thursday, shares of Nine will go ex-dividend, meaning the stock will start trading with the $840m special dividend from the sale of Domain excluded from the valuation of what is currently the largest locally listed stock. Nine’s valuation will likely fall below $2bn.

Meanwhile, Seven West Media slipped by 3.3% to hit a $223m market cap. Southern Cross Austereo lost 3.2% to land on $179m. ARN Media lost 1%, finishing on $155m.

Among the stocks headed in the other direction, print and marketing conglomerate IVE Group gained 6.7%. Gumtree jumped by 30% and Pureprofile improved by 4.8%.

The Unmade Index – which charts the performance of all the ASX-listed media and marketing stocks – lost 0.95% for the day to land on 577.6 points. This was a worse performance than the wider ASX All Ordinaries which was down by just 0.15% for the day.

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.