Trading Update

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. 

Trading Update 

  •  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.