THE AUSTRALIAN -- Aug 25 -- Fairfax Media CEO Brian McCarthy said the 2008-09 financial year had seen the "worst environment" he had ever experienced in the media sector. Fairfax's full-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 27% to $605M for the year to June compared with 2007-08. The company's online division, which includes New Zealand auction site TradeMe, accommodation site Stayz and dating site RSVP, suffered in the tough climate and recorded an 8% fall in EBITDA.
The full article was originally published at The Australian, but is no longer available.
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