The World: Sydney - Fairfax contemplates charging for online content

Fairfax, the publishing company that has a portfolio that includes The Sydney Morning Herald, has admitted that it is looking into the possibility of charging readers for its online content.

The announcement comes after the company reported a net loss of AU$380 million for the last financial year, with underlying profit falling 10.6 per cent to AU$2.59 billion.

In that period, more than 1,000 staff members left Fairfax, the equivalent of about 9 per cent of its total workforce.

Last month, Rupert Murdoch announced plans for News Corporation to start charging for online copy across its range of titles.