Fairfax Media CEO Suggests Deep Reductions in Legacy Costs Need to Precede Reduced Print Frequency
Posted: 5/6/2013 | By: Rick Edmonds | Poynter
Talk about digital disruption. The CEO of Australia’s giant Fairfax Media said last week that he is preparing the company to abandon printed newspapers entirely “in three, five or 10 years.”
“Print revenues have been going down and are going down faster now,” Greg Hywood recently told the annual World Congress of the International News Media Association in New York.