The decision by Fairfax Media to pare down the sizes of the Sydney Morning Herald and The Age, which I reported yesterday, has upset media buyers and advertisers. They have called for ad rates to be cut because of the expected 12% reduction in the size of the papers' pages. It is thought Fairfax will save A$25m (£10m) a year by reducing page sizes.
Fairfax journalists were also upset with the statement by the company's ceo David Kirk in which he announced further redundancies, provoking union members to pass a motion of no confidence in Kirk, a former captain of the All-Blacks. It called into question's Kirk's corporate-speak claim that "at the end of the day we are moving forward together." Really? (Via The Australian)
