Unmade Index: Seven and SCA total value falls below $400m as Vinyl prepares to issue share options to boss Josh Simons

The combined value of merger partners Seven West Media and Southern Cross Austereo today fell below $400m for the first time since the deal was announced.

SWM saw its market capitalisation fall by 3.6% to land on a valuation of $200.3m. Meanwhile SCA fell by 1.2% to land on $199.1m.

At…