Business Services Industry
Fairfax fumbles as media shines.
Australasian Business Intelligence, July, 2003
Jul 22, 2003 (The Australian - ABIX via COMTEX)
Australian media group, John Fairfax Holdings, is not performing as well as other companies in the sector. Most large media businesses expect their earnings to improve by 20 per cent over the 2002-03 financial year. The poor performance of Fairfax is reflected in its share price. The stock has remained between $A2.80 and $A2.90. Fred Hilmer, CEO of Fairfax, must take some responsibility for the situation. His f2 initiative and his purchase of a group of New Zealand newspapers have been problematic. The board is unofficially looking for a replacement.
Publication Date: 23 July 2003
JOHN FAIRFAX HOLDINGS LIMITED - ASX
FXJ:
APN NEWS AND MEDIA LIMITED - ASX APN:
RURAL PRESS...
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
