Original article by Jake Mitchell
The Australian – Page: 23 : 11-Aug-16

Fairfax Media has posted a 2015-16 net loss of $A893.5m, following a profit of $A83.2m in 2014-15. The latest result was marred by a $A1bn writedown in the value of its newspapers. The listed media group’s underlying net profit was 7.6 per cent lower at $A132.5m, and revenue fell by 0.6 per cent to $A1.83bn. CEO Greg Hywood says the company will consider all options for its publishing businesses, adding that the Australian Community Media regional newspapers business is under review.

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