Fairfax Media reports loss of $63m but hails 'remarkable success'

CEO says there could be some cooperation across platforms between mastheads and Nine after merger

Fairfax Media has announced a full-year net loss of $63.8m ahead of its takeover by Nine Entertainment.

The company revealed its last full-year results under its own name on Wednesday, recording a fall in revenue of about 3.1% to $1.69bn. The loss compares with a net profit of $83.9m in the prior corresponding period.

Continue reading...

from The Guardian https://ift.tt/2MN2xuP
via
0 Comments