Fairfax report financials

Fairfax Media have released their half-year financial results to the market, and the broadcasting division has declined on the previous calendar period (pcp).

For that division, revenue in FY12 H1 was $52.7m, falling on pcp by 8%. This translated to an EBITDA decline of nearly 40% to $9.7m. The decline was driven by a downturn in advertising revenue in the six months of 9% to $50.6m.

These figures include results from the regional radio stations in South Australia and Bundaberg until the date of sale.