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Sydney - Fairfax Media's appetite for acquiring media assets has waned, chief executive David Kirk says.
Kirk said any further purchases would be small and that the newspaper, magazines and online group was focused on bedding down recently acquired assets.
"What creates value is EPS [earnings per share] accretion," Kirk said.
"We've now got what we want."
In the past 12 months, Fairfax has completed a A$2.8 billion ($3.35 billion) merger with Rural Press and announced plans to acquire the metropolitan radio and television production assets of Southern Cross Broadcasting.
The moves by Fairfax followed changes to media ownership laws, that freed up the market.
Kirk was speaking yesterday during a wide-ranging speech outlining the company's embrace of digital media at an Australian British Chamber of Commerce function in Sydney.
The Fairfax boss also said the company remained bullish about the future of newspapers.
- AAP
