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Poor management, not the internet, is to blame |
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Wednesday, 25 March 2009 |
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"CEO Brian McCarthy, having engineered the biggest purge of journalistic talent ever seen, is still sharpening the razor." Read Jason Whittaker's damning indictment of media company management here
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John B Fairfax on quality |
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Tuesday, 24 March 2009 |
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Fairfax Media's second largest shareholder John B Fairfax says a lot about quality in this speech to the Melbourne Press Club Quill Awards - including "benching" (i.e. making redundant) journalists and training others (Fairfax has abandoned its trainee intake this year). |
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New CEO's message to staff |
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Monday, 15 December 2008 |
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Good Afternoon.
Yesterday, I was appointed Chief Executive Officer of Fairfax Media Limited. It is an honour to lead such an outstanding media company, and I shall work tirelessly to make the company even more successful. |
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Read more...
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Wednesday, 10 December 2008 |
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According to the Fairfax Media remuneration report, when David
Kirk was appointed CEO in 2005 (just after the board had paid a $4.5 million
bonus to see his predecessor Fred Hilmer out the door), both company secretary
Gail Hambly and chief financial officer Sankar Narayan received “golden
handcuff” payments of $300,000 each to ensure “their retention and successful
contribution during the transition to the new CEO”.
Those two payments (just shy of the pay of two Australian prime ministers) would buy the equivalent
of at least six top quality journalists - but instead Fairfax made 550 people redundant, including 15% of the editorial staff of The Sydney Morning Herald and The Age.
This time around will any Fairfax senior executives be paid golden handcuffs to help the new CEO settle in at
Fairfax? |
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Tuesday, 09 December 2008 |
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"Brian McCarthy detests publicity... Perched on a smallish table in front of an 1879 portrait of
David Syme in the Spencer Street building that houses (The Age), McCarthy adjusted his tie as if it was a noose before
managing a crooked grin." Read more of this 2007 profile of McCarthy here
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Fairfax facing crisis as chief is ousted |
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Tuesday, 09 December 2008 |
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Australia's media industry was shocked on Friday by the ousting of David Kirk, the chief executive of Fairfax Media. The board ejected Kirk the day after the editor of its Sydney Morning Herald resigned, and the two departures confirmed the depth of the company's problems.
Kirk's deputy, Brian McCarthy, looks set to get the top job. It is assumed that the recent moves are the result of interventions by John B Fairfax and his son Nicholas. They are eager to rescue the company that bears their name - but the financial outlook looks gloomy. Read more
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