Sydney Morning Herald
Reports out of the Fairfax buildings this morning were of stunned newsrooms, shocked into silence as Greg Hywood announced 1900 jobs to go, the broadsheets shrunk to compact size, printing presses closing, and an acceleration of the shift to a focus on digital.
The Fairfax statement to the Stock Exchange made it very clear the company is hanging its future on its news websites, which will start charging for some content.
Many people took to social media to decry the company charging for access to its sites, conveniently ignoring that someone has to pay the salaries. The share market reacted somewhat differently to the staff and readers, with Fairfax shares immediately jumping 4 per cent. Clearly investors are not nostalgic about the smell of newsprint.
Facebook Recommendations
Read all about it
Punch live
Up to the minute Twitter chatter
MT @RaidersCanberra "Congrats to Blake Ferguson on his selection for NSW. LIKE to show your support!" Um guys, you can't "like" a Tweet
RT @TheEconomist: Google is coming under intense scrutiny from regulators http://t.co/4bfvNp5oyEhttp://t.co/NLV9yRSIKr
Recent posts
The latest and greatest
The Punch is moving house
Good morning Punchers. After four years of excellent fun and great conversation, this is the final post…
Will Pope Francis have the vision to tackle this?
I have had some close calls, one that involved what looked to me like an AK47 pointed my way, followed…
Advocating risk management is not “victim blaming”
In a world in which there are still people who subscribe to the vile notion that certain victims of sexual…
Nosebleed Section
choice ringside rantings
From: Hasbro, go straight to gaol, do not pass go
Tim says:
They should update other things in the game too. Instead of a get out of jail free card, they should have a Dodgy Lawyer card that not only gets you out of jail straight away but also gives you a fat payout in compensation for daring to arrest you in the first place. Instead of getting a hotel when you… [read more]From: A guide to summer festivals especially if you wouldn’t go
Kel says:
If you want a festival for older people or for families alike, get amongst the respectable punters at Bluesfest. A truly amazing festival experience to be had of ALL AGES. And all the young "festivalgoers" usually write themselves off on the first night, only to never hear from them again the rest of… [read more]Gentle jabs to the ribs
Superman needs saving
Can somebody please save Superman? He seems to be going through a bit of a crisis. Eighteen months ago,… Read more
Latest 2 of 139 comments
View all commentsAdd your comment