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Fairfax Media Limited Issues H2 2013 EBITDA Guidance In Line With Analysts' Estimates-AAP


Thursday, 6 Jun 2013 02:48am EDT 

Australian Associated Press reported that Fairfax Media Limited has warned of further revenue falls and promised deeper cost savings as it revealed it will launch metered paywalls on its metropolitan news websites within a month. The Company said earnings before interest, tax, depreciation and amortisation (EBITDA) for the second half of 2013 was expected to be in the range of $129 million and $135 million. That is down from EBITDA of $205 million in the first half of the current financial year, while underlying EBITDA for the prior second half was $210 million. According to I/B/E/S estimates, analysts were expecting the Company to report EBITDA of $132 million for second half of 2013. 

Company Quote

0.79
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30 Oct 2014