Fairfax Media Ltd
(ASX:FXJ) director David Evans has tendered his resignation from the company’s board following a ruling from the Australian Communications and Media Authority.
Mr Evans says the Australian Communications and Media Authority have informed him that he cannot continue to be a director of both Fairfax Media and Village Roadshow because Village a has a substantial holding in Austereo, which owns radio licences in some areas which overlap with radio licences held by Fairfax.
Mr Evans says as a result he has been forced to make the difficult decision to resign from Fairfax.
Mr Evans joined the Fairfax board on June 22, 2005 and been a member of the Village Roadshow board since January 2007, his resignation is effective from Sunday November 15.
Tomorrow Fairfax Media will hold its annual general meeting in Sydney.
Fairfax Media posted a $380 million loss in 2009 following four years of profits.
