GWR, which released a gloomy set of interim results yesterday showing a 70% drop in pre-tax profits (see GWR Profits Drop 70% On Poor Advertising Market), was one of the worst performers in yesterday’s media market with shares dropping 11.36% to close at £261˝.
SMG, whose wholly owned subsidiary, Pearl & Dean, was awarded the four-year contract to sell advertising for UGC cinemas across the UK and Ireland last week (see SMG’s Pearl & Dean Secures Cinema Ad Deal), saw stock fall 7.81% to finish at £1.47˝, down 12˝p on the day before.
Johnston Press was one of only six media companies to see shares rise yesterday. Stock climbed 2.56% to close at £3.60, in what was the best performances in yesterday’s media market.
The closing prices of media company shares yesterday were:
