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%.