Fairfax NZ's 1H revenues and earnings down as advertising revenue falls

Tue, 21 Feb 2017

By Rebecca Howard Feb. 22 (BusinessDesk) - Sydney-based publisher Fairfax Media says its New Zealand unit's revenue and earnings fell in the first half on the back of ongoing weakness in print advertising revenue. In New Zealand, where Fairfax's assets have been packaged for a merger with the operations of NZME, earnings before interest, tax, depreciation and amortisation were down 6.2 percent at A$25.9 million versus the prior period, while revenue fell 4.1 percent to A$159.2 million. Advertising was down 9.9 percent in New Zealand dol...

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