SCA shares fall on Kyle & Jackie O exit

Staff Writer

So with the news of Kyle & Jackie O's departure from 2Day FM yesterday, what did the shareholders in the company think of it?

According to the market reaction, they weren't impressed.

Southern Cross Austereo shed over 6% of its market capitalisation through the course of the day on heavy trading. Over 4.5 million shares in the company were sold, which is well over double what it generally would trade.

See yesterday's share-price graph below.

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