the death of fairfax, page-4

thanks for posting, it's an interesting summary of the state of traditional media.

Personally at these levels i wouldn't be buying anymore but am happy to hold as i think there is reasonable upside potential in the next 12 or so months. Given it's recent forcast it trades on a PE around 7-8, has low debt now after selling trademe and still owns some quality assets like RSVP, domain, stayz to name a few. Yes it's revenue is falling but the introduction of the paywall will help and further cost reductions are probably likely also. And lets not forget there will be a fierce election campaign this year so that should temporarily lift ad revenue.

Just my view, DYOR of course.