Fairfax shares slump to all time low of 69c

Tim Burrowes

April 30, 2012 6:41

Graph: Google Finance

Shares in Fairfax Media today hit the lowest point in the company’s history.

They dropped to 69c, valuing Fairfax at $1.6bn. The previous low was 69.5c, in August last year.

The downward move in Fairfax shares came despite the ASX as a whole moving sharply upwards. Fairfax shares have declined steadily over the last two months, with a fall now amounting to about 16%.

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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.