FXJKMB meaning in Business ?

Answer: What is Fairfax Media Limited mean?

Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.

The company also owned several regional and national Australian newspapers, including The Age, Australian Financial Review and Canberra Times, majority stakes in property business Domain Group and the Macquarie Radio Network, and joint ventures in streaming service Stan and online publisher HuffPost Australia.

The group's last chairman was Nick Falloon and the chief executive officer was Greg Hywood.

On 26 July 2018, Fairfax Media and Nine Entertainment Co. announced it had agreed on terms for a merger between the two companies to become Australia's largest media company. Shareholders in Nine Entertainment Co. took a 51% of the combined entity and Fairfax shareholders own 49%. Fairfax Media was delisted from the Australian Securities Exchange in December 2018. Its metro publishing assets continue to be published by the group as Nine Publishing. Many of its other assets, such as its community media holdings were sold shortly after the merger was completed.

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