FXJ

Fairfax Media (FXJ)

Stock Code

FXJ

Stock Exchange

ax

Fairfax Media Limited (FXJ) was formerly called the John Fairfax Holdings Ltd is the largest and leading newspaper publishing group in Australia that engages in the information, entertainment and news publishing as well as advertising sales in magasine, newspaper and electronic formats. The publishing operation of Fairfax Media Limited is done mainly in Australia and New Zealand although it also has commerce and business related publications in UK and in Asia.

Fairfax Profit $386.3m, up 300%


Content publisher, Fairfax Media (ASX:FXJ) have released its half year results to stakeholders, investors and shareholders.

  • Fairfax Media Net Profit $386.3 million up 299.7 percent on the previous corresponding period of $135.7 million.
  • However the profits were boosted from one-off gains from the sale of assets including New Zealand based Trade Me Group and the sale of its US agricultural publishing business.

Fairfax Media Full Year Financial Results FY 2012 - Loss


Fairfax Media (ASX:FXJ) have released their full year financial results for FY 2012 to the ASX stockmarket.

  • FXJ shares fell 9.73 percent to 51 cents per share at the end of trade on Thursday on the ASX stockmarket. On Friday the company's stock closed the week at 45.5 cents per share, hitting all time record lows.
  • The fall comes as the company's largest shareholder, Gina Rinehart tried to divest 5 percent of her 15 percent stake in the company.

Best and Worst Traded Stocks for Dec. 5-9


The list below is a record of the top ten best and worst traded stocks in the ASX100, ASX200, and All Ordinaries of the Australian Stock Exchange in the 49th week of 2011, from December 5 to 9, 2011.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

  1. BlueScope Steel (BSL) closed its price at 43 cents adding $0.05 or 13.16%

Share Market Events This Tuesday


There are seven stocks that will go ex-dividend, and only one company that will hold their extraordinary extraordinary general meeting and another one scheduled to float tomorrow, September 6, 2011.

Dividends

Fairfax to Focus on Content for Shareholder Value


Fairfax (ASX:FXJ) is zeroing in on its journalism content to woo advertisers and provide value for shareholders, said chief executive Greg Hywood after shares dropped one dollar last week.

The media giant is on to a potential sale of its assets, with radio stations 2UE, 3AW and others to be put up for sale first. The Sydney Morning Herald, The Age and online papers remain off limits, however, said Hywood. Macquarie Radio Network Ltd has already indicated an interest to bid.

Fairfax Kills Walker Bid for Key Assets


Fairfax (ASX:FXJ) has quashed the bids for its major assets from a group of Melbourne families led by Ron Walker. Walker made an informal pitch to buy The Age newspaper and radio station 3AW but the company's board swiftly put a stop to the talks.

Fairfax Staff Protests Over Outsourcing Move


250 employees from The Age protested against Fairfax (ASX:FXJ). The company has decided to outsource sub-editing work, cutting down a dozen jobs in the process. Another 150 workers form Fairfax also protested in Sydney.

Fairfax's outsourcing move will cost 38 job cuts for The Age. A spokeswoman from the Media Entertainment and Arts Alliance said that they haven't given up, stating "At the moment we are focusing on getting the word out to the broader community.''

Fairfax to Sell its Radio Assets, Reports Confirm


Fairfax (ASX:FXJ) confirms reports that it may sell its metropolitan and radio division. It has appointed KMG Corporate Finance to aid in the selling process. Its final decision will be based on an "acceptable price and consideration of all options to maximise value".

Fairfax Staff Goes back to Work Despite 82 Job Cuts


Journalist are returning to work despite Fairfax's (ASX:FXJ) decision to axe 82 jobs. Stop work meetings were held in Sydney and Melbourne on Thursday. About 500 newspaper staff considered their next move after the company decided to cut down sub-editor, designer and artist positions. They opted to not strike at this stage but launched a social media campaign instead to win public support.

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