Fairfax Media confirms Domain separation with real estate business to list separately on ASX

Miranda Ward

February 22, 2017 9:11

Fairfax Media has confirmed it is preparing to separate the Domain Group into a new Fairfax-controlled Australian Securities Exchange-listed entity.

The announcement to the ASX this morning follows on from a trading halt yesterday which fuelled reports the separation was imminent.

The separation would result in Fairfax Media – which also publishes The Sydney Morning Herald, The Age and The Australian Financial Review – continuing to own a controlling majority of Domain (between 60-70%) and issuing shares in Domain to Fairfax shareholders at the time the separation is implemented.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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1 COMMENTS

Numbers 22 Feb 17

30% is not separation. Fairfax needs to consolidate the Domain activities, so it can’t be separate. Which raises the basic question: is Domain really separate from print mastheads? It would appear not. So why push out some Domain “shares” to the ASX, a vastly expensive exercise? Fishy.

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