The Death of Fairfax Media

 
  Carnot Chief Commissioner

The "Spencer St Soviet" is merging with Channel Nine.  Peter Costello will be the chairman:
http://www.abc.net.au/news/2018-07-26/nine-announces-fairfax-takeover/10037712

And there is much wailing and gnashing of teeth among the Marxists...

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  Donald Chief Commissioner

Location: Donald. Duck country.
I thought Fairfax had already merged with the ABC.
  mikesyd Chief Commissioner

Location: Lurking
I lost my respect for Fairfax when they lowered themselves to a Tabloid rag and then decided to charge to read their website.

Their competition was even worse, unfit to even be used as emergency dunny paper.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
One word - inevitable.

If those poor journos couldn't see the writing on the wall then they might want to look at a career change, the facts are staring them in the face.

BG
  mikesyd Chief Commissioner

Location: Lurking
One word - inevitable.

If those poor journos couldn't see the writing on the wall then they might want to look at a career change, the facts are staring them in the face.

BG
BrentonGolding
The wise and sensible ones jumped ship long ago. The standards of journalism of late across all brands reflect that.
  SinickleBird Chief Train Controller

Location: Qantas Club at Mudgee International Airport
Journalists? Facts?

How will Q&A get promoted in future? I can’t see Channel 9 advertising an ABC show.
  Donald Chief Commissioner

Location: Donald. Duck country.
Cut & paste from lobby groups or Facebook/twitter seems to be the current standard of journalism these days.
  bingley hall Minister for Railways

Location: Last train to Skaville
The "Spencer St Soviet" is merging with Channel Nine.  Peter Costello will be the chairman:
http://www.abc.net.au/news/2018-07-26/nine-announces-fairfax-takeover/10037712

And there is much wailing and gnashing of teeth among the Marxists...
Carnot

While the Fascists are dancing in the streets....
  don_dunstan Minister for Railways

Location: Adelaide proud
I dunno, I'm inclined to believe that the real Fairfax had already died years ago... and once they spun off the Domain website the remainder isn't worth anything at all in this day and age.

Nobody under 40 reads newspapers any more - it probably won't be long before they don't bother to print them at all.
  nswtrains Chief Commissioner

One word - inevitable.

If those poor journos couldn't see the writing on the wall then they might want to look at a career change, the facts are staring them in the face.

BG
BrentonGolding
Only inevitable because the fascists in Canberra running this country changed the media laws to permit it to happen. Its all a bit like the barbarians raping the virgins. The SMH and the Age are the only 2 quality papers in this country and now merged with the gutter tactics of Channel 9. AS Keating said "How long before the Channel 9 puss seeps into the Fairfax papers. Oh, I forgot about the AFR, but that is a slightly different style of newspaper (but still quality). A very sad day only over shadowed by Lee Lin Chin quitting SBS.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
One word - inevitable.

If those poor journos couldn't see the writing on the wall then they might want to look at a career change, the facts are staring them in the face.

BG
Only inevitable because the fascists in Canberra running this country changed the media laws to permit it to happen. Its all a bit like the barbarians raping the virgins. The SMH and the Age are the only 2 quality papers in this country and now merged with the gutter tactics of Channel 9. AS Keating said "How long before the Channel 9 puss seeps into the Fairfax papers. Oh, I forgot about the AFR, but that is a slightly different style of newspaper (but still quality). A very sad day only over shadowed by Lee Lin Chin quitting SBS.
nswtrains
No, inevitable due to 15 years of poor management at Fairfax. Starting with the failure to secure the Rivers of Gold against the rising tide of the internet, buying new printing presses when every man and his dog was saying that they would not be required within a few years (now being closed after the merger of print facilities announced a couple of weeks ago) etc etc.

In the world of commercial media (as opposed to taxpayer funded ABC/SBS) quality jounalism gets subsidised by advertising revenue often generated from non-news sources. Lose the revenue stream or spend your $$$ on follies and you no longer have the $$$ to pay for the quality journos you could once afford. Sure you still hang onto a few but the quallty of the publication begins to drop and it becomes a vicious circle - more people stop reading so more staff get sacked and around and around you go.

Fairfax recently spun off Domain, a sure fire sign that they could see the writing on the wall for the rest of the business. Probably lucky that Nine came along with it's strong cash flow and strong balance sheet, the alternative was probably closure of The Age and SMH within 5 or 10 years after even more cost cutting.

BG
  Dangersdan707 Chief Commissioner

Location: On a Thing with Internet
The "Spencer St Soviet" is merging with Channel Nine.  Peter Costello will be the chairman:
http://www.abc.net.au/news/2018-07-26/nine-announces-fairfax-takeover/10037712

And there is much wailing and gnashing of teeth among the Marxists...
Carnot
Carnot, If Fairfax are run by Marxists then I can claim that The United States Is a Monarchy.

Interestingly 'Soviet' Is Literally the Russian Word For Council so you are staying 'Spencer St Council' and there where the Soviet republics set up in Germany, Hungary and Russia After World War 1 (the one In Russia Survived and became the USSR).
https://en.wikipedia.org/wiki/Soviet_%28council%29

Interesting to see whether it shall have an effect on the content of both papers. That Would mean the Australian would be the Only Paper worth Reading as the rest would be Smeg!
  Aaron Minister for Railways

Location: University of Adelaide SA
Fairfax has been ‘no facts’ for a long time.

Katherine Murphy can cry all she likes, the alternative to the merger was instead of her working for a company called ‘Nine’ is to not be working at all. Ideas like this is why people stopped buying ‘No Facts’ in the first place.
  duttonbay Minister for Railways

Interesting to see whether it shall have an effect on the content of both papers. That Would mean the Australian would be the Only Paper worth Reading as the rest would be Smeg!
Dangersdan707
Hmm. The Australian is just another Murdoch mouthpiece, just presented in a higher quality way.
  DirtyBallast Chief Commissioner

Location: I was here first. You're only visiting.
Fairfax recently spun off Domain, a sure fire sign that they could see the writing on the wall for the rest of the business.

BG
BrentonGolding
Of note is that Fairfax still own 60% of Domain (DHG), whose shares rose 9.12% today (FXJ rose 8.44%).

Not sure about your synopsis though. For example, rumours have been around for years that Virgin Australia will one day spin off the hugely successful Velocity frequent flyer program and there is not one shred of evidence to suggest that it will be done exclusively for Virgin's survival. it's just due to the machinations of the corporate realm.

Personally I am disappointed in the proposed Nine takeover of Fairfax. As Paul Barry stated on The Project tonight, the injection of Fairfax journalism will not make Nine's journalistic content any worse, but the journalistic standard of traditional Fairfax platforms will deteriorate.
  BrentonGolding Chief Commissioner

Location: Maldon Junction
Of note is that Fairfax still own 60% of Domain (DHG), whose shares rose 9.12% today (FXJ rose 8.44%).
DirtyBallast
They spun Domain off as it is the most profitable part of the business and they didn't want it going down with the ship. Who own it is not relevant, what is relevant is that Domain's profits are no longer avl to directly prop up other parts of the business. Fairfax could do what they want with the dividends from their 60%, they may choose to plough it into The Age et al but i doubt it, more likely was used to prop up Fairfax dividends. The other 40% is gone.

FXJ shares rose because the 9 offer was well over current market price (22% on this mornings price I think). I would suggest DHG price went up due to expectations of a revenue hike from the increased exposure that Domain will get from C9 lifestyle shows and advertorials if/when Fairfax's 60% ends up being wound into the new entity.

BG
  BrentonGolding Chief Commissioner

Location: Maldon Junction
Of note is that Fairfax still own 60% of Domain (DHG), whose shares rose 9.12% today (FXJ rose 8.44%).
DirtyBallast
Oh, and NEC (C9) shares dropped more than 6% after the announcement so clearly their existing shareholders think the deal (and presumably Fairfax) is a dud!

BG
  Carnot Chief Commissioner

15-25 years ago going down to the newsagent and buying "The Age" on a Saturday morning was a ritual for me.  Always a good read even if there was a fair bit of left-wing tripe in the Opinions section.  And my old workplace had a  daily copy of AFR in the office which also had some worthwhile stuff in it.

But then it started to lose the plot, lacking a diversity of viewpoints and editorial integrity.  It read more like a university rag pushing the next wheelbarrow of the radical Left than a quality broadsheet.  The Internet and "your ABC" (yes, that much maligned Govt funded entity which I roll my eyes at regularly) are more often my go-to source of news and viewpoints today.  And that's even after I quit watching the echo-chamber that's Q and A.
  potatoinmymouth Chief Commissioner

I agree there was a fairly dire era for Fairfax during the extended periods of layoffs and consolidation. That said, I think the Age in particular has turned a corner of late and provided some interesting and thoughtful journalism. It would be remiss to forget the substantial role the Fairfax dailies played in provoking and pressuring the government into the banking Royal Commission, for example.

Of course, the other thing that the Age and SMH do very well, regardless of their political affiliation, is reporting on local issues. Much as I like the ABC, it simply doesn't have the resources to address, for example, the City of Melbourne elections, or fires and cats up trees. Citizen journalism, at the other end of the spectrum, addresses these issues far more rapidly but with less access to sources and consequently a higher dependence on hearsay. Recalling the Bourke St and Flinders St tragedies in Melbourne in particular, the Age had virtually its entire staff there within minutes and consequently became the most up-to-date source of information for those of us in the city on those days.

The point is I think we will miss Fairfax and its mastheads when they are gone, even though it seems inevitable that both will disappear eventually. That applies equally whether you read them or not, or whether you agree with their politics.
  Aaron Minister for Railways

Location: University of Adelaide SA
Yeah about 2007/2008 I stopped watching Q and A, I used to love it and would tape it if I couldn’t see it live, but about 10 years ago it just became rubbish. Channel 10 have ‘Have You Been Paying Attention’ that’s pretty much a comedy version of Q and A, and much more watchable. Q and A used to be about interesting people doing interesting things and finding out about what they do, today it’s generally just a bunch of politicians with a watermelon audience of school kids asking quasi policitial questions that it’s clear some of them don’t even understand.

Likewise The Age, I used to buy that read on the way to school when the local servo used to sell interstate papers, I probably gave away doing that in about 2002/2003.
  potatoinmymouth Chief Commissioner

just a bunch of politicians with a watermelon audience of school kids asking quasi policitial questions that it’s clear some of them don’t even understand.
Aaron

That is a very fine summary of the problems with that show. I might add that Tony Jones is an awful moderator because he doesn’t moderate.
  Groundrelay Chief Commissioner

Location: Surrounded by Trolls!
...  It read more like a university rag pushing the next wheelbarrow of the radical Left than a quality broadsheet.  The Internet and "your ABC" (yes, that much maligned Govt funded entity which I roll my eyes at regularly) are more often my go-to source of news and viewpoints today.  And that's even after I quit watching the echo-chamber that's Q and A.
Carnot
Much of the commentary reflects which side of the political fence you sit. That obligatory leftie swipe for anyone that doesn't reflect your view of the world.

The ABC is "much maligned" yet the people you support have initiated numerous witch hunts that find SFA bias! Now if the "little bit right" media were subject to 1% of the same scrutiny we might have a bit more balanced media. Expect less investigative journalism especially where one side or its backers are involved.
  bevans Site Admin

Location: Melbourne, Australia
The head of channel 9 has come out late yesterday and stated no journalist roles will go.

What about the smaller regional papers which may not fit with the overall digital strategy?
  Carnot Chief Commissioner

The head of channel 9 has come out late yesterday and stated no journalist roles will go.

What about the smaller regional papers which may not fit with the overall digital strategy?
bevans
I must admit it does concern me that big media may become even more deaf to rural Australia.  But my experience of Fairfax media in regional Australia though is not positive - mostly employing young journos fresh out of Marxist indoctrination camps otherwise known as University...
  bevans Site Admin

Location: Melbourne, Australia
Regional journalism and media got the ball rolling out of Newcastle on the Royal Commission into the Catholic Church.

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