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Australia's Fairfax Media to float lucrative property ad arm

Domain Group has gained from digital classifieds growth

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Fairfax expects Domain to get a better market valuation if listed separately.

Sydney

FAIRFAX Media's shareholders are set to vote on spinning off its lucrative property advertising division, the Australian publishing giant said Friday.

Like its international peers, Fairfax - the owner of major mastheads The Sydney Morning Herald, The Age and The Australian

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