Browsing: Fairfax Magazines

Fairfax rings changes within Kiwi divisions

The latest annual report from Fairfax painted a fairly grim picture for the Australian-owned media company, with a loss of A$401 million on the back of a A$651 million writedown in the value of its mastheads and a 40 percent reduction in the value of its share price this year. In an effort to raise capital, local teacher’s pet TradeMe is set to be partially floated and changes are also being made within both the New Zealand newspaper and magazine divisions.