Fairfax narrows full-year loss

Media group flags $311m in annualised savings from Fairfax of the Future program by June 2015.

Fairfax Media (FXJ) has reaffirmed the performance of its cost-cutting drive, saying it expects the Fairfax of the Future program to deliver $311 million in annualised savings by 2015, after narrowing its full-year loss.

In the year to June 30, Fairfax posted a net loss of $16.4 million, a significant narrowing of the $2.73 billion loss recorded in 2012.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles