Fairfax Media won’t float Domain separately, says Catalano

Miranda Ward

December 7, 2016 10:01

The boss of Fairfax Media’s real estate business Domain has rejected the notion the media company is looking to float the business as a separate entity in a bid to maximise its revenues and share price.

Fairfax Media split its Domain Group away from its Australian Metro Media division in August ahead of the company’s financial results announcement the following week, fuelling speculation that a Domain float was on the horizon.

Speaking to Mumbrella, Antony Catalano, Domain CEO, said there was “no need” for the real estate business to float separately.

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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

Bosh 7 Dec 16

Time for Catalano to run the whole house

http://www.theaustralian.com.a.....bae4f2a826

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Giggle 7 Dec 16

So much to enjoy! The float meme has clearly run out of steam. Perhaps because it is so blatantly ridiculous. Let’s see what Domain looks like when all the print is gone. And speaking of which the glorious Hywood achievement is that digital is 60% of the business. Could that be because the profit from all else has tanked do you think? Peas and thimbles as usual.

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