Fairfax Media Australia’s Largest Media Companies Essay

Fairfax Media Executive Summary: Fairfax media, originally John Fairfax and Sons, was founded by John Fairfax in 1941 and for over 170 years has grown to become one of Australia’s largest media companies. The company’s operations include the distribution of newspapers, magazines, radio as well as operating digital media throughout Australia and New Zealand. Some notable figures from Fairfax Media’s current Board of Directors include company chairman Roger Corbett, Chief Executive Officer and Managing Director Greg Hywood and Chief Financial Officer, David Housego. This report provides a situational analysis regarding the current stage the business’s lifecycle and the internal and external influences on the business. This is followed by an†¦show more content†¦Over the past year, Fairfax Media has focused on removing unprofitable distribution channels, reduced discounting and also increasing cover pricing. This has led to a 5% increase in the metropolitan media revenue circulation . Long Term: As a key objective of the â€Å"Fairfax of the Future† program, the company is attempting to reduce its debt in order to strengthen its balance sheet. To achieve this, Fairfax Media has sold 59.4 million â€Å"Trade Me shares to reduce its interest from 66% to 51%.as well agricultural businesses based in the United States. This has enabled Fairfax Media to reduce its debt by $760 million. In 2011, Fairfax had begun procedures to effectively minimise its carbon emission, and in 2020, hopes to have reduced it by 20-25%. This is being achieved through a number of activities such as the removal of high-energy lighting to low energy alternatives at 10 of its regional printing sites, the consolidation of large-scale printing assets and moving to smaller, more energy efficient sites which will also reduce the company’s carbon emissions and the review of property assets and office accommodation to achieve effective utilisation of floor space which will also reduce e nergy requirements. As proposed in the â€Å"Fairfax of the Future† program, they will be closing Chullora and Tullamarine printing facilities in order to achieve annual cost savings of $44 million. Key financial indicators The analysis of a business’sShow MoreRelatedAustralian Financial Review And Australian Newspapers1046 Words   |  5 PagesCountry Analysis CMST 102 Jiasui Huang 6/9/15 Australia’s newspaper In Australia, there are two national and ten state or territory daily newspapers, 35 regional dailies and 470 other regional newspapers. 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