Fair go, Fairfax - Don't discount journalism - Fairfax may be broken-up and sold

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Fairfax may be broken-up and sold

Monday, 17 November 2008

Robert Gottliebsen writes in Business Spectator: "Incredible as it might seem, some analysts are now valuing the Sydney Morning Herald and Melbourne Age at a mere $750 million – that’s substantially below their value in 1990... Such a small valuation by analysts of the SMH and Age illustrates the dismal prospects that institutions accord them, but it also shows that the SMH and the Age have been used as cash cows, which has weakened them. But that’s a hindsight judgement. With the bank pressures a bit close, Fairfax will need to cut all the costs it can if its trading revenue starts to deteriorate further. Given the overall situation, many are eyeing Fairfax as a break-up." Read more

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