Crikey is explaining the cuts to Fairfax announced this morning which will impact the Canberra Times:
In the bombshell announcement delivered via a technically-plagued internal staff webcast this morning, CEO Greg Hywood said 20% of the cuts would come from editorial, 20% from printing and the remainder from other activities.
The media giant currently employs 800 metropolitan journalists across The Age, The Herald, The Canberra Times and its Brisbane and Perth web portals.
Apparently the cuts are around half of the editorial staff.
Here in the Eagle’s Nest we can’t see incoming Fairfax owner Gina Rineheart being happy about a paywall reducing her influence (she’s not buying it for profits). But an editorial cleanout would please her greatly we imagine.
We quite like Wil Anderson’s tweet:
I’m no big-city economist but I’m pretty sure this new Fairfax plan to offer less and charge more is what people have been crying out for…
— Wil Anderson (@Wil_Anderson) June 18, 2012
RiotACT on the other hand is looking to staff up so any journalists out there who enjoy working hard should send their CV in to email@example.com . (Journalists who faff about all week and crap out 300 word stories ripped from un-named websites need not apply, you know who you are)