Good Shares to Buy

Fairfax Media Digital

Fairfax Media Ltd (FXJ) which last month announced staff cuts of 550 people at its newspaper division, added 100 people to its Fairfax Digital division in 2008 financial year. Fairfax Media Digital division intends to increase its share of the Internet advertising market. The division's chief executive, Jack Matthews, said the business was outperforming the rest of the market and they need to invest in that growth. "The division boosted earnings by more than 50 percent in Australia and New Zealand last financial year, underpinning a 47 percent rise for the Fairfax group". FXJ shares are trading at $2.83.