Greg Hywood: Fairfax spotted structural challenges early and as result has greater market cap than Seven, Nine and Ten combined

Fairfax Media CEO Greg Hywood has suggested the publisher had more vision than the TV commercial networks when it came to grappling with structural changes that threatened “their very existence”.

Greg Hywood: Fairfax Media’s market capitalisation is greater than the three free-to-air TV companies

In a comment piece welcoming the media reforms published in The Sydney Morning Herald, Hywood said: “Companies, such as Fairfax, that spotted the trends early and acted – reducing legacy costs and building new businesses like Domain – can not only survive, but thrive in the new world. Because Fairfax Media has taken the tough but necessary decisions to ensure its survival, its market capitalisation is greater than the three free-to-air TV companies – Seven, Nine and Ten – combined.”

Fairfax Media currently has a market capitalisation of $2.44bn, while Seven West Media’s market capitalisation is $1.12bn, Nine’s is $1.14bn and Ten’s is $79.67m.

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