KUALA LUMPUR (June 22): Berjaya Media Bhd (BMedia) slumped 9.52% this morning after the company fell into Practice Note 17 (PN17) status as its shareholders' equity on a consolidated basis of less than RM40 million represented 25% or less of its issued capital.

At 9.45am, BMedia fell 4 sen to 38 sen with 60,000 shares traded.

Separately, its net loss for its fourth quarter widened to RM14 million from RM3.52 million, largely on a RM12 million impairment loss on publishing rights.

Revenue, however, was up 6% to RM9.07 million from RM8.55 million a year ago, thanks to higher advertising income registered by its principal operating subsidiary, Sun Media Corp Sdn Bhd.