Fairfax NZ first-half earnings hold up even as revenue slips

Wed, 19 Feb 2014

By Paul McBeth Feb. 20 (BusinessDesk) - Fairfax Media Group’s New Zealand unit, which includes the Dominion Post, Press and Sunday Star Times newspapers, kept its first-half earnings reasonably flat as recent cost-cutting measures offset weaker circulation revenues. New Zealand earnings before interest, tax, depreciation and amortisation slipped 0.8 percent to $42.3 million in the six months ended Dec. 29 from the same period a year earlier, the Sydney-based parent company said in a statement. Revenue shrank 7.7 percent to $206.9 million, w...

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