Fairfax Media set to spin off Domain with company in trading halt

Miranda Ward

February 21, 2017 9:49

Fairfax Media looks set to spin off Domain as a separately listed entity on the Australian Securities Exchange with the publishing company entering into a trading halt this morning.

A request issued to the ASX today stated: “In accordance with Listing Rule 17.1, Fairfax Media Limited [ASX: FXJ] requests that its securities be placed into an immediate trading halt pending an announcement in relation to the Domain Group.”

Fairfax Media shares will remain in a trading halt session state until the commencement of normal trading on Thursday or when the announcement is released to the market.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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2 COMMENTS

James 21 Feb 17

You have used ‘spin-off’ in about 5 different contexts. I had no idea what this article was about.

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Numbers 21 Feb 17

This is the same old same old. The issue remains: how do you “spin off” domain when a big chunk of it is in print? If you keep the majority control is it a spin off at all? Maybe a spin on????
If Fairfax has made this call then it’s because the business has finally collapsed. Turd polishing.

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