Telstra reports surprise profit fall as revenue drops

• UPDATED

Australia's largest telecoms company has posted an unexpected 11.8 per cent fall in first-half profit, dragged down by falling revenues for its mainstay fixed-line and mobile telephone business.

Seven profit down 90 per cent as advertising remains weak and Presto failure bites

Seven West Media's profit is 90 per cent lower in the first half of this financial year compared to the same period last year, primarily due to $83.3 million of impairments related to Yahoo7, the failed Presto joint venture, selling Sky News, and selling youth magazine titles. 

Fairfax wins battle over real estate advertising

A courtroom battle between Australia's two dominant real estate websites has come to an end, with a judge finding most of a controversial advertising campaign from Domain did not breach consumer laws. 

Amber Harrison lobs fresh grenade at Seven

Amber Harrison has thrown another grenade at Channel Seven, tweeting what appears to be internal emails sent between executives before and during a controversial Federal Police raid on the network's offices over alleged deals with the Corby family. 

Australia Post chair told to justify CEO pay in Canberra

Communications Minister Mitch Fifield has urged Australia Post chairman John Stanhope to appear at Senate estimates in two weeks to justify the high salaries at the government-owned business.

Alan Jones' bad back puts him back in hospital

Alan Jones' bad back is keeping him off air for another week, with the high-rating morning radio host expected to be away until February 20.  

NBN loss widens to $1.6b but revenue up as more homes connect

NBN Co's losses widened to $1.6 billion in the second half of 2016, from a $1 billion loss in the same period in 2015.

Senate committee tells Australia Post it can't keep the CEO's salary a secret

A Senate committee has refused Australia Post's request to keep managing director Ahmed Fahour's $5.6 million salary a secret.

Centrelink keeping track of monthly investment performance

The government is looking for a new data base providing monthly updates on investment returns, which could allow it to reduce or increase the Centrelink and pension benefits it pays out as markets rise and fall.