FXJ 0.00% 66.0¢ fairfax media limited

News: FXJ Fairfax Media Says Entered Into Printing Agreements With News Corp Australia

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    July 18 (Reuters) - Fairfax Media Ltd (FXJ) :

    • FAIRFAX MEDIA AND NEWS CORP ENTER PRINTING AGREEMENTS
    • ENTERED INTO AGREEMENTS WITH NEWS CORP AUSTRALIA THAT WILL SEE PUBLISHERS USE EACH OTHER'S PRINTING NETWORKS
    • FAIRFAX WILL TRANSITION WORK FROM ITS PRINT CENTRES IN BERESFIELD (NSW) AND ORMISTON (QUEENSLAND)
    • FINANCIAL BENEFITS FROM DEAL ARE EXPECTED TO BEGIN TOWARDS END OF FY19 H1
    • CHANGES TO FAIRFAX'S PRINTING NETWORK TO RESULT IN AN ANNUALISED FULL-YEAR BENEFIT OF ABOUT $15 MILLION
    • PRINT CENTRES IN BERESFIELD (NSW) AND ORMISTON WILL CLOSE ONCE TRANSITION OF WORK COMPLETES
 
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