Unmade Index: Seven and SCA total value falls below $400m as Vinyl prepares to issue share options to boss Josh Simons

Tim Burrowes

October 28, 2025 4:39

The combined value of merger partners Seven West Media and Southern Cross Austereo today fell below $400m for the first time since the deal was announced.

SWM saw its market capitalisation fall by 3.6% to land on a valuation of $200.3m. Meanwhile SCA fell by 1.2% to land on $199.1m.

At the time the merger was announced, the combined valuation of both businesses was $417m.

Nine also had a down day, with its 0.8% fall taking its valuation back below $1.9bn.

Vinyl Group fell by 2.2%, giving it a valuation of $118m. The company today shared the resolutions shareholders will be asked to vote on at its annual general meeting at the end of next month. Among the agenda items is a move to issue CEO Josh Simons with 30m share options “to align Mr Simons (sic) interests with those of all Shareholders”.

The Unmade Index closed on 473.1 points, a fall of 0.7% 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.