Original article by Darren Davidson
The Australian – Page: 17 : 15-Aug-14

Fairfax Media has announced a 2013-14 full-year net profit of $A224.4m post-tax, after a 2012-13 loss of $A15.5m. Excluding abnormal gains from the divestment of the Stayz and InvestSmart businesses, the operating earnings were up 1.8% to reach $A306.4m. Revenue in the newspapers division was down 9.2% to $A803.2m, and that of the radio assets 6% to $A103.8m. However at the Domain property wed site unit it grew 15.5% to $A146.6m. CEO Greg Hywood signalled further cost reductions, and investors pushed Fairfax shares $A0.06 higher to a close of $A0.94 on 14 August 2014

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU, STAYZ PTY LTD, INVESTSMART FINANCIAL SERVICES PTY LTD, HANCOCK PROSPECTING PTY LTD, CITIGROUP PTY LTD