Hywood goads Guardian as Fairfax results show revenues down
Fairfax's financial results released today paint a mixed picture for the troubled company, with profits up but revenue down.
Companies
Feb 21, 2013
Fairfax Media has reported an underlying net profit of $83 million for the first half of the year, with revenues from the newspaper side of the business down on the same period last year.
The media company, which announced its half-yearly financial results this morning, has also clarified that it plans to introduce digital subscriptions in the April-June quarter. A metered model was originally slated to be launched by March.
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“in line with expectations”. Droll. No wonder he gets the big bucks.
Last time we heard the guy had given up on boring old print and was heralding the Fairfax of the Future!!! Now he’s talking about getting profits from print.
Perhaps because Fairfax digital revenues are going nowhere while everyone else in the market had double-digit revenue growth and solid profit margins.
The man is all spin. So much so that he’s now stuck in a revolving door.
Can’t wait to see the Guardian Australian edition.
I’m an Aussie living in London and a Labour man. From my perspective, Fairfax has become so right-wing it is unreadable. The number of piss-poor, unsubstantiated comment pieces attacking the PM today is outrageous.
If they want to move to the right, fair play. But I won’t continue to patronise them with clicks and eyeballs. Fairfax is dead to me.
Fairfax have delayed their paywall as they are worried about the Guardian. I am surprised the Editor there is continuing with left bias, seeing circulation plummet and cant smell te political winds of change
Suzy, you’re the very definition of delusion.