Fairfax Media’s radio revenue down slightly

Fairfax Media Limited has announced its results for the full year to June 2017.
The Fairfax Group delivered net profit of $142.6 million, up 8%, with earnings per share growth of 8.5%.
Group Operating EBITDA of $271 million was achieved from revenue of $1.73 billion.

Fairfax owns just over half the shares in Macquarie Media (54%) after merging its metro radio stations with 2GB and 2CH (which was recently sold).

The investment in Macquarie Media returned $137 million, down from $138.6 last year, but the company’s profit margin (EBITDA) was greater this year than last by 28%.

Licence fee relief of $2.8m has been reflected in the accounts.


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