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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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Published Fri, Sep 22, 2017 · 09:50 PM

    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 Financial Review - has seen profits hit by dwindling advertising revenue and circulation figures.

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