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Monday, 18 June 2012

Fairfax slowly dying

Fairfax is slowly dying. That is what can be taken out of todays announcement that 1900 of its staff will be sacked, two printing facilities will close, the format of the broadsheet dailies The Age and the Sydney Morning Herald will change and digital subscriptions will be introduced.

Why on earth is Gina Reinhardt wasting her money on a dying company?

1 comment:

  1. Philip Crowley19 June 2012 at 00:27

    She probably feels she is getting into media at the right price, and that she has the ability to return it to viability in the longer term. Considering the returns Hancock Prospecting are logging she can afford to buy it out of her change purse.