Yesterday was a positive day for media companies with the majority seeing shares rise. Granada and BSkyB were helped by comments made at a television conference in London. The former rose 8.97% to close at 82p, while the latter improved 6.66% to finish at £6.
SMG also performed well with stock rising 7.65% to close at 91˝p on the back of news it is selling its newspaper and magazine publishing business in order to reduce debt (see SMG To Sell Publishing And Online Business).
At the other end of the scale, Future Network slipped 4.20% to finish at 57p, in what was the worst media performance of the day.
The closing prices of media company shares on Tuesday were:
