Fairfax Media Limited (ASX:FXJ) has shuffled its executive leadership team and announced its organisational structure will morph into five business divisions.
The media company says the reorganisation of its Australian activities is designed to simplify the structure of its business in a predominantly digital future.
The two main parts of the new structure will include consolidating the Australian publishing businesses to drive revenues and efficiencies and unlock the potential of its digital business.
As part of executive changes five of the existing executive leadership team roles have been replaced with three new roles.
Fairfax Media reported a net profit of $401.4 million in the first half of the 2013 financial year.
