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Fairfax signs new 10-year newsprint agreement with Norske Skog SYDNEY, September 20, 2000 – John Fairfax Holdings Limited [ASX:FXJ] said today it had signed a binding letter of intent on a new 10-year contract with Norske Skog on the supply of newsprint for its publications. Mr Peter Graham, Director, Group Operations, for Fairfax said: "While the terms of the agreement are confidential, we can say that newsprint prices for Fairfax will remain stable in the near term, with much greater price certainty in future years. This agreement affords us protection on the two major variables affecting newsprint prices: variations in spot price and foreign exchange. We view this agreement positively with regard to both those variables. "We look forward to further developing what is emerging as a constructive relationship with Norske Skog." The agreement is for a 10-year period beginning July 1, 2000 and replaces previous newsprint supply agreements. -- ENDS -- For further information, please contact: Bruce Wolpe, Fairfax Tel: (02) 9282 3640 Note to editors John Fairfax Holdings [ASX:FXJ] is Australia’s leading publishing group. Its mastheads include The Sydney Morning Herald, The Australian Financial Review, The Age, The Sun-Herald, and BRW. In addition, the Company publishes financial and consumer magazines, regional and community newspapers, and provides online and interactive services. In 2000, the Company had revenues of over $1.3 billion. Fairfax, through f2, its wholly owned subsidiary for its online and interactive businesses, is building a strong position in e-commerce and is Australia’s leading content provider on the Internet. The Company’s key areas of focus include CitySearch Directories, SOLD.com.au (shopping and auctions), classified supersites (drive.com.au, mycareer.com.au, domain.com.au), financial services, news and sport. The extensive network of more than 30 sites attracts over 2.4 million page views per day (2.5 million site visits per week).
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Fairfax > Corporate Affairs & Media Releases > Announcements > NORSKE SKOG
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