News: Fairfax Media revenues rise but costs continue

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Fairfax Media Limited (ASX:FXJ) has seen its revenues rise almost 1 per cent in the first four months of this year.

 

The media company has also warned it continues to incur costs to take advantage of growth opportunities. 

 

On a bright note Fairfax’s Metro Media revenue, which includes the Domain brand, has gained about 7 per cent. 

 

However, publishing revenues have fallen 7 per cent and revenue at Australian community media has dropped about 8 per cent.

 

Fairfax Media reported a net profit of $26.71 million in the first half of the 2015 financial year.