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Fairfax Media Ltd (FXJ.AX)

FXJ.AX on Australia Stock Exchange

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24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Fairfax Media commences process of consultation with its Australian metro publishing newsrooms
Tuesday, 4 Apr 2017 08:36pm EDT 

Fairfax Media Ltd : Commenced a process of consultation with its australian metro publishing newsrooms . Including non-staff costs proposal is expected to deliver about $30 million in annualised savings with majority of these savings expected in 2018 FY .Consultations on proposed changes which will complete major structural editorial changes required to secure futures of metropolitan mastheads.  Full Article

Fairfax Media commences process of consultation with its Australian metro publishing newsrooms
Tuesday, 4 Apr 2017 07:43pm EDT 

Fairfax Media Ltd : Commenced a process of consultation with its australian metro publishing newsrooms . Including non-staff costs proposal is expected to deliver about $30 million in annualised savings with majority of these savings expected in 2018 FY .Consultations on proposed changes which will complete major structural editorial changes required to secure futures of metropolitan mastheads.  Full Article

NZME updates on NZME, Fairfax NZ merger
Tuesday, 28 Mar 2017 04:28pm EDT 

Nzme Ltd : NZME Fairfax NZ merger update . NZME and Fairfax Media Limited's Fairfax New Zealand have received, and agreed to, a request from New Zealand Commerce Commission . Request from NZCC to further extend target date for NZCC's final decision on proposed merger of two businesses to 2 may 2017 .NZME and Fairfax remain of view that merger enhances ability of companies to invest in new revenue streams.  Full Article

NZME updates on Fairefax NZ merger regarding NZCC's final decision
Thursday, 9 Mar 2017 02:43pm EST 

NZME Ltd : NZME Fairfax NZ merger update . NZCC are now seeking to provide a final determination on proposed merger by 11 April 2017 .NZME and Fairfax new zealand received, agreed to, request from NZCC to extend 15 march 2017 target date for NZCC's final decision on proposed merger.  Full Article

Fairfax Media says fy17 h2 total expense growth expected to moderate to around 13% year on year
Tuesday, 21 Feb 2017 05:07pm EST 

Fairfax Media Ltd - :Fy17 h2 total expense growth is expected to moderate to around 13% year on year.  Full Article

Fairfax Media says HY net profit from ordinary activites after tax up 206 pct
Tuesday, 21 Feb 2017 05:07pm EST 

Fairfax Media Ltd : Hy net profit from ordinary activites after tax attributable to members up 205.6% to $83.7m . hy total revenue down 4.7% to $913.0m .interim dividend 2.0¢ per share.  Full Article

Fairfax Media says considering separation of Domain Group
Tuesday, 21 Feb 2017 05:00pm EST 

Fairfax Media Ltd : Consideration of Domain Group separation . Announced a strategic review of Domain Group ("domain") in preparation for Domain's potential separation into a new fairfax controlled australian securities exchange-listed entity. . Separation would result in Fairfax continuing to own a controlling majority of Domain (between 60% and 70%) . Potential separation would be expected to complete this calendar year . Current intention is that no new capital will be raised . Separately asx-listed entity establishing direct valuation for domain . Based on preliminary estimates, costs, adjustments are expected to be approximately $8 million to $10 million per annum . Domain Group CEO Antony Catalano will continue to lead management team . Macquarie Capital has been appointed to advise on proposed transaction .Post separation, Domain will incur a number of costs and adjustments not currently reflected in its segment financials.  Full Article

Nzme Ltd updates on Fairfax NZ merger process
Thursday, 26 Jan 2017 09:30pm EST 

Nzme Ltd : Fairfax NZ merger process and NZME results date .Confirms that it continues to progress new zealand commerce commission process regarding proposed merger with Fairfax New Zealand.  Full Article

Fairfax Media enters into agreement to merge its New Zealand business with NZME Holdings
Wednesday, 7 Dec 2016 07:48pm EST 

Fairfax Media Ltd : Has entered into binding merger implementation agreement to merge its new Zealand Business, Fairfax New Zealand with NZME Holdings . Agreement by a sale of Fairfax NZ for a combination of cash and shares in nzme. . Confirms recently received letter from a third party claiming showing interest in considering acquisition of Fairfax New Zealand Business .Letter contains no offer capable of acceptance and fairfax is not engaged in any discussions in relation to letter.  Full Article

Fairfax Media enters into agreement to merge its New Zealand business with NZME Holdings
Wednesday, 7 Dec 2016 05:37pm EST 

Fairfax Media Ltd : Has entered into binding merger implementation agreement to merge its new Zealand Business, Fairfax New Zealand with NZME Holdings . Agreement by a sale of Fairfax NZ for a combination of cash and shares in nzme. . Confirms recently received letter from a third party claiming showing interest in considering acquisition of Fairfax New Zealand Business .Letter contains no offer capable of acceptance and fairfax is not engaged in any discussions in relation to letter.  Full Article

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