Firstly, I must say, I will keep this site up to date the best I can, and begrudgingly keep subscribing to these bums called newspapers in the digital form.I have not purchased a real newspaper for 2 years but will maintain the latest info here on our site. These mobs are losing money faster than a Pink Batt Scheme
THIS IS IMPORTANT TO ALL OF US WHO CARE ABOUT THE REAL ISSUES OF THE DAY-the new model being we will give you some news, if you want the rest PAY UP
I do with all sincereness feel for the dedicated journo’s who have feed us the good bad and ugly over the years. It is a scary time folks. Take our current situation with how blogs like mine “Might” affect this and that. Well with hundreds less journo’s out their treading the boards chasing stories. Being denied funding to chase an investigation etc… Where are we heading? Any bona fide journo out there will have a unpaid job here should they wish to tread that way. I think as a community wide, freedom of information type blog, they may do a lot more here, then they could ever do as a tightly chocked journo under restraint.
If you are one of those, hey, we can always find a good nickname, whatever…If your passion is the truth, then the pay is not so important (like none)
Fairfax to cut 1900 staff, turn The Age into tabloid, close Tullamarine printing plant and introduce paywall
UPDATE: FAIRFAX Media has flagged it could scrap The Age as a printed newspaper as it revealed it will cut 1900 jobs over three years.
In documents lodged with the ASX this morning, Fairfax revealed that printed copies of The Age and The Sydney Morning Herald could end if the radical changes fail to turn around the organisation.
“(If) metro print advertising and circulation revenue declines materially (then Fairfax could) transition to a digital only model,” the document said.
Under the changes announced today, the company has announced that The Age and The Sydney Morning Herald will become tabloids in March next year.
Fairfax will introduce paywalls around its Sydney Morning Herald and The Age websites next year, although some limited free access will remain.
In a shock move, the Tullamarine and Chullora (NSW) printing presses will be closed within two years.
About 150 editorial positions from The Sydney Morning Herald, The Age and The Canberra Times are expected to be lost as a result of the restructure.
An internal memo emailed to Fairfax staff today said about 300 jobs would be axed at the company’s metropolitan division, which includes The Sydney Morning Herald, The Age and The Canberra Times.
Half the jobs being axed are editorial positions.
“Many of these redundancies will occur over the next 2-3 months,” the email from the head of Fairfax’s Metro Media division, Jack Matthews, said.
Media Entertainment and Arts Alliance (MEAA) acting federal secretary Paul Murphy said the cuts contradicted Fairfax chief executive Greg Hywood‘s recent statement to the stock exchange that the company would invest in quality journalism and editorial standards would not be compromised.
“Any further loss of editorial positions will clearly damage these newspapers’ ability to produce quality journalism regardless of whether that journalism appears in print or on digital platforms,” Mr Murphy said.
“Readers and employees alike are entitled to know precisely how Fairfax Media intends to ensure that these two great mastheads will continue to produce quality journalism when fewer journalists are left to actually go out and hunt out news stories.”
The MEAA will meet with Fairfax management this afternoon to discuss the redundancies.
The company expects to make annual savings of $235 million by 2015 through the changes.
“Readers’ behaviours have changed and will not change back,” Mr Hywood said in a statement.
“As a result, we are taking decisive actions to fundamentally change the way we do business.”
Mr Hywood said Fairfax devised the changes after considering the merits of a full range of structural alternatives, including a demerger.
“The package of strategic initiatives is bold, and several are difficult, particularly as they will impact on some of our people,” he said.
“However, we believe that they are in the best interests of Fairfax, our shareholders, and ultimately the majority of our people.
“They are necessary to ensure Fairfax retains its position as a leading independent media company and a key voice in our markets.”
Fairfax also moved this morning to sell down its stake in New Zealand online sales site TradeMe from 66 per cent to 51 per cent.
The Federal Government said the media sector was facing a very tough environment.
“This is a very tough environment, the internet is a very disruptive technology,” Communications Minister Senator Stephen Conroy said today.
Asked if the online push by newspapers globally was the right strategy, Mr Conroy said it was one business model.
“Around the world … there are a whole range of newspapers that have started to go online and ended up closing down,” he said.
Mr Conroy said it was unlikely the Federal Government would help financially support newspapers, along the lines of a US proposal.
“I can’t imagine the Government putting forward a plan that would put money into print publications,” he said.
“We are already supporting two national broadcasters and I can’t see that changing.”