Latest sell off, page-2

Th stock went ex-div today so you'd expect the value to roughly go down about the div payment which it did (went down 2c compared to div of 1.7c). Also sentiment with the stock has probably gone down a bit due to the inaction on media laws (as many other posters have already pointed out PRT would have been a prime beneficiary of the law changes). The impact of CBS's purchase of TEN (not a done deal yet but close) would also have a negative impact on PRT (indirectly) since the expectation of 2 competitive commercial channels (Nine and Seven who Prime is affiliated with) and 1 not-so competitive channel in Channel 10 will now probably change to 3 very competitive commercial channels.