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(Reuters) - Newspaper publisher Fairfax Media (FXJ.AX) said on Wednesday that it has entered an agreement with News Corp’s (NWSA.O) Australian unit to collaborate on printing newspapers.

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The company's logo is seen on the Fairfax Media building in Sydney, Australia, February 20, 2018. REUTERS/Daniel Munoz

The agreement is expected to result in an annualized benefit of about A$15 million ($11.1 million), Fairfax said in a statement.

Reporting by Ambar Warrick in Bengaluru; editing by Richard Pullin

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