12 October 2018:
Fairfax Media Limited [ASX:FXJ] ('Fairfax' or 'Company') today provided a trading update ahead of the expected formal commencement of the Fairfax/Nine merger Scheme process and lodgement of the Scheme booklet.
FY19 year-to-date overall group revenues are 5% below last year. Across our reporting segments:
o Domain digital revenue is up 6% and total revenue is 1% lower.
o Metro Media is down around 1%, with Metro publishing flat.
o Australian Community Media is down around 10%.
o Stuff (New Zealand Media) is down around 16% including currency impact (down around 15% in local currency NZ$).
o Macquarie Media is up around 3% (up 4% on a continuing business basis excluding the impact of disposals).
Across the Fairfax Group we continue to implement cost savings measures.
Fairfax Media Limited published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 October 2018 22:47:03 UTC