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UPDATED: News Limited Shakes It ALL Up

Posted: June 26th, 2012 | Author: | Filed under: Digital Media, Indeep Media, Media, Online Media, Print Media, Television, World of the News | Tags: , , , , , , , , , , , , , , , | 2 Comments »

News Limited Shakes It ALL UpAustralia’s media landscape has been through the ringer over the past few weeks, the ground is changing at a pace not seen since the eighties. The latest shake-up comes from the ever stoic News Limited – the Australian arm of News Corporation – the company has announced a massive restructuring of the way it delivers news.

The announcement on last week, which included job cuts and a reduction in east coast operations from 19 divisions to five, came days after Fairfax Media outlined plans to axe 1,900 staff, move jobs offshore, close two major printing presses and downsize its flagship newspapers to tabloids, as well as it’s ongoing boardroom battles with billionaire Gina Rinehart.

Despite the cuts, News Limited CEO Kim Williams has told staff that the organisation remains committed to print :: Read the full article »»»»

Caught in a Chinese Pricing Pincer

Posted: January 4th, 2012 | Author: | Filed under: Business News, Indeep Media | Tags: , , , | Comments Off on Caught in a Chinese Pricing Pincer

Caught in a Chinese pricing pincerChinese exporters, already battling a slump in demand and an intense squeeze on profit margins, will come under even more pressure following the decision of two of China’s largest cities to raise their minimum wage rates. The decisions by Beijing and Shenzhen are likely to prompt other local governments to follow suit in raising minimum wages. But this year’s increase in minimum wage rates is well below the 20 per cent annual increases seen in the past two years. The southern city of Shenzhen, which traditionally offers China’s highest minimum wage, will boost its minimum monthly rate by 15.9 per cent in February to 1,500 yuan ($US238), while the city of Beijing has raised its minimum wage rate by 8.6 per cent to 1,160 yuan. The Chinese government has encouraged this move towards higher minimum wages because it is keen to boost domestic consumption, which would reduce China’s heavy reliance on exports. Higher minimum wages also help address the country’s growing income inequality, which is sparking social unrest. In the country’s five-year plan for 2011-15, the Chinese government has said that the minimum wages should rise by is at least 13 per cent annually.

Read more at Business Spectator