FXJ 0.00% 66.0¢ fairfax media limited

News: FXJ Fairfax Media says targeted $60 mln in annualised cost savings will be achieved by June

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    May 6 (Reuters) - Fairfax Media Ltd (FXJ) :

    • Overall group revenues for continuing businesses are down 2% to 3% for the

      first 17 weeks of FY 2016

    • Targeted $60 million in annualised cost savings will be achieved by June
    • Print environment remains challenging
    • Macquarie media on track to deliver annualised merger synergy benefits of $15

      million by June

                        
 
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