Ailing Australian media company Fairfax unveiled Thursday a quadrupling of first-half profit to Aus$386.3 million (US$395.5 million) after offloading assets to guard against plunging revenues. Fairfax, publisher of The Age and Sydney Morning Herald broadsheets and owner of radio and digital assets, said net profit for the half-year to December 31 was almost four times that of the Aus$96.7 million over the same period last year.