Fairfax buys remainder of Metro Media

Fairfax will buy the remaining 50 per cent of Metro Media Publishing Holdings for $72 million.

Fairfax will pay $72 million to buy the remaining 50 per cent of Victoria-based Metro Media Publishing Holdings.

The media giant previously held 50 per cent of Metro Media and will acquire the remainder of the company through a mix of Fairfax shares and cash.

Metro Media owns Melbourne property portal reviewproperty.com.au, as well as the Star Weekly and The Review Weekly newspapers.