Yesterday Fairfax released some bad financial figures to the market. The problem is their metropolitan titles, The Age and Sydney Morning Herald. These were once jewels in their empire. Now it is dragging them down
However, the immediate danger to them is their debt. It is about 2.5 billion and if it gets much higher the banks could move. The immediate solution for them would be to move some of their debt to newsagents. This may be why their policy now makes newsagents responsible for some booked advertising debt if the person does not use a credit card.