Stuff the laggard among Fairfax businesses

Thu, 11 Oct 2018

By Paul McBeth Oct. 12 (BusinessDesk) - Stuff has been the laggard among Fairfax Media Group's trans-Tasman businesses in recent months and may be sharpened up for divestment if a merger with Australia's Nine Entertainment Co goes ahead. The Australian media companies gave a trading update today before lodging documents detailing the A$2.2 billion merger which will put TV channel Nine in the driver's seat. While Fairfax group revenue since June 30 was down 5 percent, the New Zealand business was the worst performer with a 15 percent d...

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