Fairfax, News Corp strike printing deal

Fairfax Media and New Corp have struck a printing deal that will see the publishing rivals using each other's printing networks.

The offices of Fairfax Media in Sydney. Source: AAP

Publishing rivals Fairfax Media and News Corp have agreed to use each other's printing networks under a deal that will deliver cost savings.

The stock exchange listed Fairfax expects to save about $15 million a year, with the benefits set to flow toward the end of the first half of this financial year.

The initiative is "a rational approach to the complex issues facing the industry", Fairfax CEO Greg Hywood said in a statement on Wednesday.