Radio companies continued to suffer yesterday following reports earlier in the week that a parliamentary committee is set to advise the Government to prohibit non-European investors from buying UK media assets (see Government To Face Opposition Over Media Ownership).
GWR fell 1.01% to close at £1.96, a loss of 2p on the day before, whilst SMG saw shares slip 2.22% to finish at £1.10, down 2˝p on the previous day. Capital managed to remain stable with stock holding at £5.70 and Chrysalis managed a modest rise with shares rising 0.28% to close at £1.81˝, an increase of ˝p on the day before.
The best performer in yesterday’s media market was Taylor Nelson Sofres, which saw shares rise 9.28% to finish at £159, up 13˝p on the day before.
The closing prices of media company shares yesterday were:
