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Fairfax Media Limited

Fairfax Media Limited
Public company
Traded as ( – FXJ)
Industry Media
Founded 1841; 176 years ago (1841) (as John Fairfax and Sons)
Headquarters 1 Darling Island Road, Pyrmont, Sydney, New South Wales, Australia
Area served
Australia
New Zealand
Key people
Greg Hywood (CEO)
Nick Falloon (Chairman)
Products Newspapers
Radio
Magazines
Internet
Revenue DecreaseAU$ 1.85 billion
(13 August 2015)
DecreaseAU$ 143.4 million
(13 August 2015)
Number of employees
Decrease 5,122 full-time employees
Decrease658 part-time and casual employees
(2017)
Website FXJ.com.au

Fairfax Media Limited [ASX:FXJ] (formerly John Fairfax and Sons) is one of the largest media companies in Australia and New Zealand, with investment in newspaper, magazines, radio and the internet. John Fairfax purchased The Sydney Morning Herald in 1841, and the family retained control of the business until late in the 20th century.

John Fairfax purchased The Sydney Morning Herald in 1841. Several generations of the Fairfax family continued to control the company. Fairfax Media was founded by the Fairfax family as John Fairfax and Sons, later to become John Fairfax Holdings. The Fairfax family lost control of the company in December 1990. It was renamed from John Fairfax Holdings to Fairfax Media in 2007.

The Australian Financial Review was founded in 1951. In that decade, Fairfax started two television stations, ATN and QTQ. Fairfax began expanding in the 1960s, acquiring, among others, The Age, The Newcastle Herald and the Illawarra Mercury. In 1979, Rupert Murdoch attempted to take over rival The Herald and Weekly Times. Due to the costs of defending the takeover, Fairfax sold its television properties, including the Seven Network. In 1988, Fairfax sold its magazines (including Woman's Day, People, Dolly, and Good Housekeeping) to Australian Consolidated Press, and discontinued its Sydney afternoon tabloid The Sun, transferring some of its content and the sponsorship of the City to Surf to its new Sunday tabloid The Sun-Herald which also replaced the broadsheet Sunday Herald.


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