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News

Fairfax back to 'plan A' as suitors exit

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.

Business

Fairfax to take almost $1bn writedown hit

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.