Embattled media group Fairfax Media Limited
(ASX:FXJ) is today expected to report a 10 per cent fall in first half revenue.
The publisher of broadsheets, the Sydney Morning Herald and Australian Financial Review is part way through a four year cost-cutting program, aiming to $235 million from operating expenses.
Tough advertising conditions and declining sales revenue are likely to have weighed on the company’s results.
Fairfax Media reported a $2.7 billion net loss in the 2012 financial year.
