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Fairfax’s BRW Going Digital ONLY

Posted: October 12th, 2013 | Author: | Filed under: Online Media, Print Media | Tags: , , , , | Comments Off on Fairfax’s BRW Going Digital ONLY

Fairfax MediaFairfax Media is closing the print edition of it’s weekly business magazine – BRW, formerly Business Review Weekly – after 32 years, as the company continues to shrink its workforce amid a major overhaul of its print operations.

The last issue of the weekly business magazine will be published on November 28, Fairfax’s director of business media Sean Aylmer has told BRW staff. A number of BRW’s senior reporters are highly regarded within their area of expertise.

The magazines publisher, Amanda Gome, says she is incredibly proud of the team behind BRW’s web presence and believes the publication will migrate successfully to a digital only version :: Read the full article »»»»

Fairfax Moves High-profile Publications Offshore

Posted: August 7th, 2013 | Author: | Filed under: Media, Print Media | Tags: , , , , | Comments Off on Fairfax Moves High-profile Publications Offshore

Fairfax Dumps PagemastersFairfax is moving editorial production of some sections of its high-profile newspapers to New Zealand after declining to renew it’s lucrative publishing contract.

Pagemasters – a subsidiary of AAP – has been responsible for sub-editing and producing popular lift-out and specialist sections in The Age,  Sydney Morning Herald and Canberra Times since 2008.

High-profile titles including Good Weekend, Spectrum, Drive and Domain were sent to offices in Melbourne and Brisbane to be edited and polished. However Fairfax has decided not to renew its five-year contract with Pagemasters.

The features content will now be produced and edited by one of its subsidiary companies, Fairfax Editorial Services. Fairfax has not commented on the move, but Pagemasters says it is bitterly disappointed by the decision.

Pagemasters will continue to sub-edit the mastheads’ daily news content. A Fairfax restructure announced last year sparked the recent relocation of editing services to New Zealand.

MORE: Fairfax News

Fairfax Shockjock ‘Howard Sattler’ Sacked

Posted: June 14th, 2013 | Author: | Filed under: Media | Tags: , , , , , | Comments Off on Fairfax Shockjock ‘Howard Sattler’ Sacked

Fairfax Sacks SattlerBREAKING!  Fairfax Radio host Howard Sattler has been sacked by Perth station 6PR. After a year of abysmal behaviour toward Australia’s first female Prime Minister, it seems Fairfax has manned up and done the right thing.

Yesterday, Mr Sattler was suspended by the radio station, pending an internal inquiry. Fairfax said via statement that “6PR Presenter Howard Sattler, put a number of questions to Prime Minister Julia Gillard regarding the sexuality of her partner, Tim Mathieson. These questions sought to establish if there was a basis in fact to rumours circulating about the couple’s relationship. The PM answered Mr Sattler’s questions with dignity and some patience.Fairfax Radio management has reviewed this interview and considers that the questions posed by Mr Sattler were disrespectful and irrelevant to the political debate.”

Ms Gillard refused to take questions on the controversy, but echoed comments from Sex Discrimination Commissioner Elizabeth Broderick that the treatment of high-profile women could send a damaging message to the next generation ::

Read the full article »»»»

Fairfax Wins Confidential Source Case

Posted: April 18th, 2013 | Author: | Filed under: Media, Print Media, World of the News | Tags: , , , , | Comments Off on Fairfax Wins Confidential Source Case

FAIRFAXThe Victorian Court of Appeal has ruled two Fairfax journalists will not be ordered to reveal their sources. Last year a magistrate summoned The Age journalists Nick McKenzie and Richard Baker to appear in the committal hearing of eight former directors of the Reserve Bank subsidiaries, Securency and Note Printing Australia.

The former executives are accused of bribing foreign officials in Indonesia, Malaysia and Vietnam to gain contracts to print banknotes between 1999 and 2004.

The journalists’ reports on the scandal triggered a police investigation into the allegations. Subpoenas were issued for Mr McKenzie and Mr Baker after a newspaper article in December 2012 reported an allegedly corrupt businessman was prepared to testify against the former directors in exchange for a leniency :: Read the full article »»»»

Fairfax SELLS NZ Online Classifieds Site TRADE ME… for a profit!

Posted: December 18th, 2012 | Author: | Filed under: Media, Print Media | Tags: , , , , | Comments Off on Fairfax SELLS NZ Online Classifieds Site TRADE ME… for a profit!

Fairfax Media AustraliaFairfax is selling its remaining 51 per cent stake in New Zealand online classifieds site Trade Me for over $600 million. The struggling media company is selling its shares for $3.05 each, in a sale underwritten by UBS that will raise a total of $616 million.

Fairfax reckon that the money will be used to pay down its extremely large debt burden. The company’s chief executive Greg Hywood says cutting debt will allow the business greater flexibility in adapting to the new media environment.

“The proceeds from the sale will reduce Fairfax’s net debt and will provide us with a very strong balance sheet and the financial flexibility to invest and to complete the company’s structural transformation,” Mr Hywood said in a statement. “So when you look at the sale of both parts, despite selling at a discount, Fairfax has sold the entire Trade Me business for just over a billion dollars, giving it a $413 million profit.”

This dramatically reduces Fairfax’s debt down to around $230 million, which means that Fairfax can concentrate on rejuvenating it’s Australian business interests. Post sale, Fairfax will no longer have any stake in Trade Me. Mr Hywood says the firm has learnt some valuable lessons about the online environment through its six-year ownership of Trade Me.

“Trade Me has been a great business for Fairfax and we have learned a great deal more about the successful operation of digital businesses over the years since we acquired Trade Me for $NZ750 million in 2006.”