Fairfax reiterates FY guidance

Media group still expects $1.6bn loss, flags further cost-cutting ahead.

Fairfax Media (FXJ) has reiterated its expectation of a massive loss in fiscal 2014 as advertising revenue continues to slide.

At its annual general meeting today, Fairfax chief executive officer Greg Hywood said the group still expected a $1.6 billion loss in the financial year, with revenue for the year to date down 6% on the previous year.

{{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