Change at top of Fairfax Media

Fairfax Media Ltd's board says it has unanimously chosen Roger Corbett as its new chairman, to succeed Ron Walker who is retiring.

Late last month, Walker confirmed he would cut short his tenure at the Australian media company after a period of boardroom infighting.

In August, Fairfax reported a net loss of $A380 million for the financial year to June 30 after it wrote down the value of its mastheads in one of the toughest markets for media groups in years.

- AAP