News: FXJ Fairfax Media says targeted $60 mln in annualised cost savings will be achieved by June

May 6 (Reuters) - Fairfax Media Ltd (FXJ) :

• Overall group revenues for continuing businesses are down 2% to 3% for the

  first 17 weeks of FY 2016

• Targeted $60 million in annualised cost savings will be achieved by June
• Print environment remains challenging
• Macquarie media on track to deliver annualised merger synergy benefits of $15

  million by June