Fairfax Media posts jump in profit

By Jake Mitchell
Updated February 20 2014 - 5:29pm, first published 5:26pm

Fairfax Media, publisher of the Illawarra Mercury, has reported 48.5 per cent growth in underlying profit to $86.4 million for the half year ended December 31, with the print, digital and radio businesses focusing on cutting costs and targeting new revenue streams.

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