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Fairfax Media, is a newspaper, magazine and website publisher operating in Australia and New Zealand. It was founded by the Fairfax family as John Fairfax Holdings but they lost control of the company on December 11, 1990.
HistoryIn April 2003, Fairfax acquired New Zealand's Independent Newspapers Limited (INL), owners of many of New Zealand's highest-profile newspapers.
In July 2005, Fairfax acquired the RSVP dating site for A$38M. In August 2005, Fairfax's general classifieds site created in March 2004, Cracker.com.au consistently exceeded 500,000 Unique Visitors a month. In December 2005, Fairfax acquired Stayz.com.au for A$12M.
In March 2006, Fairfax acquired New Zealand auction website Trademe.co.nz for NZ$700M. On 4th March 2006, it was announced that Fairfax would purchase the The Border Mail newspaper in Albury-Wodonga for $162 million. In October 2006 speculation began that the company would be bought out and split up began to grow after the passage of changes to Australian media laws. Rival media company News Corporation purchased a 7.5% stake in the company at this time, with the stated aim of keeping Fairfax in one piece. On 7th December 2006, John Fairfax Holdings and Rural Press announced the beginning of their merger proceedings. If this merger is successful, it will form a publishing company worth AU$9 billion dollars. A merger would mean Fairfax regaining control of The Canberra Times (which it owned in the 1980s), and through John B. Fairfax of Rural Press, would see the return of the Fairfax family to the company board. The company would also gain a number of other regional newspapers, radio stations and websites; plus agricultural publications in various countries. On 12th January 2007, John Fairfax Holdings changed its name to Fairfax Media.[1] On 7th March 2007, Fairfax Media announced a new web site for Brisbane, called the Brisbane Times. The web site will initially employ 14 journalists and is an attempt by Fairfax to break into the South East Queensland market. On 20th March 2007 Fairfax Media launched a new business website. BusinessDay.com.au aggregates feeds from the other news vehicles in the Fairfax stable as well as "from the world's most respected news sources". It features breaking news updated "every 15 minutes". PropertiesAustraliaAustralian newspapersFairfax publishes the number-two daily papers in Sydney and Melbourne, The Sydney Morning Herald and The Age respectively. It also publishes a daily business tabloid, The Australian Financial Review. Fairfax also owns papers in major regional centres, including the Illawarra Mercury (Wollongong), the The Newcastle Herald (Newcastle), The Border Mail (Albury-Wodonga) and The Warrnambool Standard (Warrnambool) . In addition, its subsidiary Fairfax Community Newspapers publishes 35 community newspapers serving suburban New South Wales and Victoria. As a result of its Rural Press acquisition, Fairfax will take control of many newspapers including The Canberra Times and The Land. Australian magazinesFairfax publishes a number of magazines, such as the(sydney)magazine, theage(melbourne)magazine and Good Weekend, which are distributed with their newspapers. In addition, the company publishes business-centred magazines including BRW, AFR Access, AFR Smart Investor, AFR Magazine, AFR Boss, CFO Australia, MIS and Asset. Australian digitalFairfax owns a profitable Australian online subsidiary, Fairfax Digital which was once known as the F2 Network. The company's websites include the subject focused:
Fairfax also publishes web editions of most of its newspaper titles, as well as South-East Queensland digital-only news site Brisbane Times. Both The Age and SMH produce a limited amount of video content, which is only available online. Rural Press owns a range of similar classifieds and local newspaper websites. It is expected that these will join Fairfax Digital, the classifieds ones merging with the appropriate Fairfax sites. Australian radioFairfax currently owns no Australian radio assets, but will acquire stations in rural South Australia and Queensland as part of the acquisition of Rural Press. New ZealandNew Zealand newspapersIn New Zealand, its subsidiary Fairfax New Zealand Limited publishes a stable of papers formerly owned by Independent Newspapers Limited (INL), including The Dominion Post in Wellington, The Christchurch Press in Christchurch and The Sunday Star-Times in Auckland. Fairfax also own over 60 community newspapers. New Zealand magazinesFairfax New Zealand's magazines are mainly lifestyle-related. New Zealand digitalIn NZ, Fairfax's websites form the stuff portal. Sites include:
United StatesFairfax will acquire a number of US agricultural publications when they absorb Rural Press. CompanyThe chairman is Ron Walker, the chief executive is David Kirk. As of October 2006, the company reported a market capitalisation of over $4 billion. References
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