Media
The future is uncertain for Fairfax Media’s extensive network of newspapers across regional South Australia after the company agreed to be taken over by Nine Entertainment.
Media
Regulators will look at the merger of Fairfax Media and the Nine Network but it is unlikely to face any hurdles, Prime Minister Malcolm Turnbull says.
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Domain chief executive Antony Catalano has stepped down just four months after the real estate classifieds business listed on the Australian Securities Exchange.
Fairfax Media has secured a partnership with Google to boost its digital advertising and publishing technology and drive digital subscription growth.
Fairfax Media CEO Greg Hywood says the company is back on “plan A” and proceeding with spinning off its Domain business after two potential suitors walked away without making a bid.
Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.
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