Fairfax claims $182 million charges claim is speculative

The defamation proceedings has been going on between the two groups snce November 2002, following statement which were made in Fairfax public The Australian Financial Review regarding the NTG’s accounting practices.

Proceedings have progressed slowly by NTG, with Fairfax Media holding tight and defending the claim on grounds, such as the defence of truth. The most recent development is a claim from NTG who are seeking special damages in the proceedings and alleging their loss is between $158 million and $182 million.

After considering the claim, Fairfax Media directors have shed doubt on these allegations and believe that the large figure is “speculative.” Fairfax Media will continue to defend the proceedings.