A sign of the technological times?
So Fairfax Media will axe 550 jobs across Australia and New Zealand… the news hasn’t surprised some. The Australian’s Mark Day blames it on the economic squeeze caused by “classified rivers of gold flowing towards the internet”.
I reckon it’s a case of old media not fully embracing new technology. And journalists aren’t happy.
Interestingly (I work for News Limited), at the same time Fairfax got their infamous email we got one detailing the upgrade to Adelaide printing presses. Makes you wonder…
UPDATE (SEPTEMBER 3): Click here for a great commentary by Media Watch.
UPDATE (SEPTEMBER 16): Click here for some interesting thoughts from Juan Senor, partner with the Innovation International Media Group.