Source:
http://article.wn.com/view/2011/05/03/Fairfax_Media_says_revenue_down_tough_conditions_to_continue/
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Tuesday, May 3, 2011
Fairfax Media says revenue down - tough conditions to continue
Fairfax Media says its second half revenue is down by 4.5 per cent and it does not expect market conditions to improve enough to recover the decline before the end of the financial year. The stock slumped 10 cents, or 7.63 per cent, to $AU1.21, the lowest since March 16. The diversified publishing house, which owns New Zealand newspapers such as the Dominion Post and The Press as well as the Stuff website, said on current trading trends, it expected earnings before interest, tax, depreciation and amortisation (EBITDA), excluding significant...
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