Original article by Daniel Palmer
The Australian – Page: 16 : 13-Jan-17

The New Zealand division of Fairfax Media has posted a loss of $NZ95.3m for 2015-16, compared with a profit of $NZ21.9m in 2014-15. The latest financial result was marred by an impairment charge of $NZ106.8m, which included an additional writedown of $NZ66.8m in the value of its mastheads. The Commerce Commission is slated to make a final ruling on Fairfax NZ’s proposed merger with NZME in April, although it signalled in a draft determination that it is likely to block the deal.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, FAIRFAX NEW ZEALAND LIMITED, NZME LIMITED – ASX NZM, APN NEWS AND MEDIA LIMITED – ASX APN, NEW ZEALAND. COMMERCE COMMISSION, NEW ZEALAND. COMPANIES OFFICE