Fairfax Media to sell 28 New Zealand titles as half-year profit slumps - News Summed Up

Fairfax Media to sell 28 New Zealand titles as half-year profit slumps


Domain reports $3.4m net loss after spin-off from Fairfax Media Read moreUp to 60 staff across titles including NZ Dairy Farmer and Christchurch Mail could be affected, according to reports. “Metro’s next-generation publishing model is delivering a step-change for consumers with the launch of new websites and apps to grow engagement and drive subscriptions and revenue,” Hywood said. Hywood signalled Fairfax would collaborate with Rupert Murdoch’s Australian newspaper arm to bring down printing and transport costs for the two competing media giants. “We will take advantage of opportunities arising from media consolidation as and when it occurs,” Hywood said. “We have had successful collaborations around shared trucking and printing titles for News in Queensland.


Source: The Guardian February 21, 2018 04:51 UTC



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