The results come as Fairfax prepares to separate its real estate classified site Domain and list it separately on the stock exchange. Fairfax is expected to keep a controlling stake - up to 70 per cent - which would ensure it captures the profits if earnings continue to increase at the same pace.
Lucy Battersby has covered trends, technology and telecommunications since joining The Age in 2008.
When Seven West Media wrote down the value of Yahoo7 by $75.5 million, it gave a shift to "programmatic advertising" as the reason. What it failed to mention was the corporate regulator was also involved.
Fairfax Media shares have been placed in a trading halt until Thursday morning pending an announcement about its online real estate classifieds business Domain.
Fairfax Media is seeking advice from Macquarie Capital on how to sell its real estate classifieds business Domain, according to the Australian Financial Review.
oOh! Media has delivered shareholders a 17 per cent growth in profit and a jump in annual dividends as spending on out of home advertising increases.
Advertising revenue for television networks is down 2.7 per cent to $2.2 billion, according to figures for July to December from ThinkTV.
Amber Harrison will have her first opportunity on Tuesday morning to argue against an court-imposed injunction granted to the Seven Network that has silenced her one-woman campaign against the media company.
Channel Ten says its industry is "under severe duress" and it may report annual losses of $30 million for this financial year.
Australia's largest telecoms company has posted an unexpected 11.8 per cent fall in first-half profit, dragged down by falling revenues for its mainstay fixed-line and mobile telephone business.
Seven West Media's profit is 90 per cent lower in the first half of this financial year compared to the same period last year, primarily due to $83.3 million of impairments related to Yahoo7, the failed Presto joint venture, selling Sky News, and selling youth magazine titles.