Fairfax Media Limited
From December 10, 2018, Nine and Fairfax Media have merged into one business known as Nine. The combined business is now the largest listed media company on the Australian Stock Exchange (ASX), with a range of multi-platform assets across television, subscription video on demand, digital, print and radio.
Fairfax Media Limited is an innovative and digitally progressive media company in Australia and New Zealand - the trusted voice informing, engaging and entertaining audiences and communities via newspapers, websites, radio stations, events and dynamic digital venues.
Fairfax operates several broadly-based services businesses spanning marketing, property, entertainment and beyond. Fairfax’s independent journalism and quality content has been keeping people informed and connected for more than 185 years. Business divisions include Australian Metro Publishing, Australian Community Media, Digital Ventures, Stuff (Fairfax New Zealand) and Fairfax Events & Entertainment.
Fairfax Media has a portfolio of leading websites, tablet and smartphone apps, including the online news sites afr.com, smh.com.au and theage.com.au in Australia and stuff.co.nz in New Zealand. The group also has leading classified and transaction websites in Australia.
Fairfax Media publishes metropolitan, agricultural, regional and community newspapers, financial and consumer magazines. In Australia, mastheads include The Sydney Morning Herald, The Age, The Australian Financial Review, The Canberra Times, The Sun-Herald, and The Land. In New Zealand mastheads include The Dominion Post, The Press, The Sunday Star-Times, TV Guide, NZ House and Garden and New Zealand Fishing News, as well as agricultural publications.
Fairfax Media has a 59.4% shareholding in real estate media and technology services business Domain Holdings Australia [ASX:DHG]; a 54.5% interest in radio broadcaster Macquarie Media Limited [ASX:MRN] with No. 1 stations in Sydney (2GB) and Melbourne (3AW); a 50% interest in Australia's leading subscription video on demand (SVOD) service Stan; and other investments.
Across their Australian and New Zealand operations they focus on making a positive contribution in their communities. The interests of their customers, employees, shareholders, communities and the environment is always front of mind.
They consider the impact their business has on their stakeholders - and the consequences for their long-term financial viability - in setting and implementing their strategy and plans.
They integrate CSR objectives and strategies into their business processes, practices and stakeholder management in order to achieve their goal of creating both corporate and social value for the long-term.
They operate a mostly decentralised CSR program. In addition to company-wide approaches, their businesses take responsibility for implementing specific and targeted strategies and programs. This approach ensures the alignment of CSR priorities to business activities and practices. It also maximises benefits to local communities, customers and staff - and as a result - their Company as a whole.
Everyone at Fairfax is empowered to bring CSR to life through their work and actions they take. Their people are encouraged to be thoughtful and take a 'big picture' view of the social, cultural and economic impact they have on communities. They work together to earn and maintain their stakeholders' trust, confidence and respect.
Fairfax is committed to transparency in disclosure of key performance indicators including environmental, financial and social, as part of their CSR reporting.
Fairfax's People and Culture Board Sub-Committee oversees CSR and sustainability, including environmental reporting and performance, in line with the Committee's Charter. Their executive leadership team is deeply engaged in CSR issues and initiatives. A Corporate Responsibility team, in collaboration with leaders across the business, operates and drives the delivery of the CSR program. Their corporate governance framework, policies and practices are described in detail in the Annual Report. Policies and training provide guidance and reinforce expectations of ethical behaviour, responsible conduct, and transparency.
Their commitments to operating a responsible business:
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