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The media group also reported a 1.2 per cent rise in underlying earnings to $274.2 million. Chief executive and managing director, Greg Hywood, said Fairfax is in “good shape”. “We have long believed that media consolidation provided enormous potential to leverage increased scale of audiences and marketing inventory to grow our assets. Fairfax has consistently supported media deregulation because we saw the long-term benefits for shareholders,” he said. “This is an exciting new phase of our development. It puts the important work we do through our journalism on an even stronger and more sustainable footing for the future.” Hywood also reported Metro achieved its second consecutive year of EBITDA growth, while Stan broke through the 1.1 million active subscriber mark. Fairfax Group delivered an operating EBITDA of $274.2 million, a result driven by growth at Domain, Australian Metro Media, Macquarie media, as well as lower corporate costs. EBITDA for Metro is up eight per cent, the second consecutive year of growth. Domain also delivered a 20 per cent digital revenue growth, with an EBITDA increase of 3.9 per cent to $117.6 million.
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