In an attempt to “close the gap” between low share prices and the value of its assets, Fairfax Media may be looking to sell its radio assets or 50 percent of its New Zealand-based classified website Trade Me, analysts told The Australian.Should Fairfax sell off some assets, it could use the earnings to pay down debt, raise its dividend or fund a buyback, the report explained.
Analysts said that should Fairfax sell off some of its stake in Trade Me, the company's stock would "fly off shelves," Stuff.co.nz reported.
On this news Wednesday, shares were up more than 2 percent to A$1.32, but this is still well under levels of more than $5 in 2007.
Image: TradeMe.co.nz
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