Fairfax of the Future Announcement

FAIRFAX OF THE FUTURE


SYDNEY, 18 June 2012: Fairfax Media Limited [ASX:FXJ] has today announced fundamental changes to the Company. The changes are focused on three objectives: 

  • Positioning the Metro Media business to address further structural movements and provide flexibility to move the business to a digital-only model if that is what is required in the future; 
  • Reducing group-wide costs and corporate overhead in line with the revised business structure; and 
  • Strengthening the Fairfax Media balance sheet during a period of restructuring costs.

 

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