Seven loses some ground on Unmade Index after bad news AGM
Seven West Media shares closed slightly down after the company used today’s AGM to reveal that the TV advertising market deteriorated by 12-13% in October.
SWM, which has announced plans to merge with Southern Cross Austereo, currently has a market capitalisation of just over $200m. It lost 2.14% today.

Meanwhile SCA also lost ground, declining by 1.73%.
Among the broadcasters, ARN Media had a bad day, losing 3.64%, and Sports Enertainment Group had a worse one, losing 10.71%.
Holdco Enero, owner of creative agency BMF, also finished the day in the red, losing 2.86% to land on a market cap of $61.2m. Out of home ad company Motio lost 1.85%.
Nine showed a mild improvement of +0.88%, while printing and marketing company Ive Group continued to ramp up, gaining another 1.02%.
The Unmade Index closed on 460.4 points, down by 0.28% for the day.
