Fairfax delays paywall, dismisses threat from The Guardian

By Charis Palmer of The Conversation

Fairfax chief executive Greg Hywood has dismissed the threat from the impending Australian launch of UK media group The Guardian, telling shareholders it is not a strong competitive brand in Australia.

“The Guardian is an extremely good brand in some suburbs of London,” Mr Hywood said, after Fairfax Media announced a first-half net profit of $386.3 million.

The sale of Fairfax’s remaining stake in Trade Me and its US agricultural publishing business made a significant contribution towards the profit result, as the company chose to reduce its debt.

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