Meanwhile, the rock hard economic truth of this fake news is made clear in another article:
Fairfax Media more than tripled first-half profits to $84 million and confirmed it was considering spinning off its fast-growing Domain real estate advertising business into a separate company.
Details of the Domain spin off sent Fairfax shares up 9 per cent to 95¢ Wednesday morning.
…The results illustrated why Fairfax is considering listing Domain on the share market.
Company-wide revenue in January was about 10 per cent below the previous year, and 6 per cent down in the first two weeks of February. But in Domain digital advertising sales rose 15 per cent in the half from the same period a year earlier.
Fairfax is nothing more than a real estate propaganda outfit with a worthless publishing arm brimming with gormless writers (not journalists) creating value largely by driving eyeballs to property listings.
It needs immigration desperately to continue or it will crash.
