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Fairfax Media Limited’s (ASX:FXJ) share price looks set to take the 2018 wooden spoon

It’s a tad too early to call exact winner and loser status on the S&P/ASX 200’s biggest share price gainer or faller for 2018, but the Fairfax Media Limited (ASX: FXJ) share price is going to be hard to beat in the wooden spoon stakes.

Fairfax shares are down 57% over the last 12 months – slipping a further 1.2% to 62c per share at the time of writing.

The fate of shareholders of the beleaguered multi-platform media company hinges on the potential merger with Nine Entertainment Co Holdings Ltd (ASX: NEC) announced back in October.

The merger would erase the Fairfax name.

Other S&P/ASX 200 shares that will be keen to put 2018 behind them in terms of share price losses include Telstra Corporation Ltd (ASX: TLS), down 13.71% in the last 12 months and Eclipx Group Ltd (ASX: ECX), down 40.92%.

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Motley Fool contributor Carin Pickworth owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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