Fairfax Media Ltd (FXJ.AX)
SYDNEY, Sept 14 Australia's big media players have won long-sought reforms that will allow them to boost market share by facilitating consolidation, although doubts remain on whether the changes can stem the declines at the moguls' ageing empires.
SYDNEY Australia's Fairfax Media Ltd swung to an annual net profit on the back of deep cost cuts and a robust performance from its online property classifieds business, but advertising revenue declined sharply across its newspapers.
* Fairfax books annual net profit A$83.9 mln as expenses slide
* Fairfax media plans to retain 60% of Domain, with 40% distributed to Fairfax shareholders
SYDNEY, Aug 16 Australian newspaper publisher Fairfax Media Ltd posted an annual net profit on Wednesday as it benefited from cost-cutting and an improvement in property listings.
* AMP signs reinsurance deals for troubled life insurance unit
July 3 Australian shares extended losses from the end of last week, with Monday's weakness led by biotech giant CSL Ltd, the biggest drag on the benchmark, while Fairfax Media tumbled after two private equity firms withdrew rival takeover bids.
SYDNEY Australian newspaper publisher Fairfax Media Ltd said two private equity firms withdrew from rival takeover bids worth up to A$2.9 billion ($2.2 billion), leaving it to proceed with demerger plans and sending its shares sharply lower.
• Fairfax proceeds with domain separation, ends PE discussions
SYDNEY, July 3 Australia's oldest newspaper publisher Fairfax Media Ltd on Monday said it had ceased discussions with two U.S private equity suitors, after neither lodged a binding offer for the company.