Original article by Darren Davidson
The Australian – Page: 19 : 2-Aug-16

Australian-listed Fairfax Media has announced a $A989m writedown in the value of its publishing assets. This includes a $A484.9m writedown of Metro Media and a $A408.8m writedown of its newspapers in regional and rural areas. Fairfax has also begun reporting the revenue of its Domain property listings business separately from the Metro Media division. However, Fairfax CEO Greg Hywood has downplayed speculation about an IPO for Domain.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, METRO MEDIA PUBLISHING PTY LTD, DOMAIN.COM.AU, NZME LIMITED – ASX NZM, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CREDIT SUISSE (AUSTRALIA) LIMITED, ALLAN GRAY AUSTRALIA PTY LTD, WILSON ASSET MANAGEMENT