Fairfax bets on merger as regionals hit profit

Original article by Stephen Brook
The Australian – Page: 19 : 16-Aug-18

Fairfax Media has posted a 2017-18 net loss of $63.8m, compared with a $83.9m profit previously. The latest result was affected by writedowns associated with Fairfax’s regional newspapers and its New Zealand division, while revenue was down 2.8 per cent. Fairfax CEO Greg Hywood says the proposed merger with Nine Entertainment Company will allow the combined group to increase its audience reach and marketing inventory.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, STAN ENTERTAINMENT PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, STUFF LIMITED, GOOGLE INCORPORATED

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