Fairfax Media profits rise as Financial Review Group goes backwards

Tim Burrowes

February 24, 2011 9:39

Fairfax Media’s half yearly results appear to confirm that the company is through the worst, delivering a 7% increase in EBITDA profits to $347m and a 3% increase in revenue to $1.3bn.

CEO Greg Hywood said: “This is a pleasing result. It reflects a strong performance focus across our diverse media and digital assets.”

He added: “The media industry faces continuous change. My team’s role is to ensure Fairfax Media remains competitive, effective and profitable in our chosen markets.”

The strongest profit growth came within the metropolitan media division which was up by 10.7%. Fairfax Digital and Trade Me was not far behind with growth of 9.2%. The company’s regional media operation grew profits by 9.9%.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.