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Rinehart lifts Fairfax stake to 18.7% as shares climb on restructuring news
By Paul McBeth June 18 (BusinessDesk) - Australian mining magnate Gina Rinehart lifted her stake in Fairfax Media to 18.7 percent, strengthening her case for a board seat as the media company cuts back on printing and puts content behind a digital paywall to counter sliding adve...
Fairfax shares climb 7.4% as market welcomes digital paywall in major overhaul
By Paul McBeth June 18 (BusinessDesk) - Shares in Fairfax Media jumped 6.9 percent after the media company battling to contain costs as consumers migrate to the internet for news announced it is paring back its print business and will introduce a digital paywall. From next yea...
Fairfax sells down Trade Me stake to pay for publishing overhaul, tabloid formats
By Paul McBeth June 18 (BusinessDesk) - Fairfax Media, the media company battling to contain costs as consumers migrate to the internet for news, has sold down its stake in Trade Me to pay for a three-year restructuring of its newspapers that will cost A$248 million and result i...
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