Paul Xiradis backs Fairfax management, predicts wider media recovery FAIRFAX Media's new substantial shareholder, Paul Xiradis, has offered his support for the company's management for the time being, and given the wider media sector a vote of confidence, saying it is being "under appreciated by the market." Boutique fund manager Ausbil Dexia, headed by Mr Xiradis, last week emerged on Fairfax's share register with a 5.3 per cent stake, worth about $66 million at current prices.