ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NWSA Stock Price » NWSA Stock News

News Share News

 News (mm) Stock Price
NWSA Stock Price
 News (mm) Stock Chart
NWSA Stock Chart
 News (mm) Stock News
NWSA Stock News
 News (mm) Company Information
NWSA Company Information
 News (mm) Stock Trades
NWSA Stock Trades

Editors at Sydney Morning Herald, Age Newspapers Step Down

By Gavin Lower MELBOURNE--A week after revealing plans to cut 1,900 jobs in a restructuring, Australia's second-largest newspaper publisher Fairfax Media Ltd. (FXJ.AU) on Monday said that three senior editors from its leading mastheads will leave the company, the Sydney Morning Herald and the Age. Amanda Wilson, editor of the Sydney Morning Herald and the newspaper's editor-in-chief Peter Fray will leave, the company said. In addition, Paul Ramadge, the editor-in-chief of the Melbourne-based the Age, will also step down. "These are extremely challenging times for the media," said Mr. Ramadge in a statement from Fairfax. The departure of senior editors comes as Fairfax presses ahead with restructuring intended to save 235 million Australian dollars (US$237 million) annually by June 2015. The company recently gained a new major shareholder, mining billionaire Gina Rinehart, who has acquired a 19% stake. But Ms. Rinehart's interest has proved controversial and provoked criticism by senior figures in Australia's government. Deputy Prime Minister and Treasurer Wayne Swan said last week that Ms. Rinehart's intentions for Fairfax and its newspapers have "very big implications for our democracy, I think we should all be very concerned at this turn of events," he said. Fairfax competes in Australia with News Ltd., the local unit of News Corp. (NWS). The company, publisher of the Australian and the Daily Telegraph newspapers, is also expected to announce job cuts within the next few weeks, said a person familiar with the plans. News Corp. also owns The Wall Street Journal and Dow Jones Newswires. Weekday circulation at the Sydney Morning Herald fell 14% to 180,960 in the first quarter, while at the Age, weekday circulation fell 13% to 165,061 over the same period. Fairfax made a net loss of A$390.9 million last year. Write to Gavin Lower at gavin.lower@wsj.com

Stock News for News (NWSA)
DateTimeHeadline
12/15/201422:03:09Office-Sharing Startup WeWork Wins $5 Billion Valuation
12/07/201417:38:09Russian Ties Complicate U.S. Sanctions
11/20/201408:56:26BSkyB Prices GBP1.75 Billion Bonds to Finance Italia, Deutschland...
11/02/201404:46:43MARKET SNAPSHOT: Media, Consumer-based Company Earnings To Test...
10/28/201418:10:29HBO to Lay Off 7% of Employees
10/14/201402:40:08REA Group Sells Hong Kong Unit to iProperty Group
10/07/201409:30:10Wall Street Journal and Absolute Strategy Unveil New Economic...
09/30/201416:41:17MARKET SNAPSHOT: U.S. Stocks Limp Into October
09/30/201413:01:03MARKET SNAPSHOT: U.S. Stocks Rebound; Dow Flat Over Month
09/30/201410:26:25MARKET SNAPSHOT: Weak Housing Data Helps Push U.S. Stocks Lower
09/30/201407:18:21MARKET SNAPSHOT: U.S. Stocks: Futures Up Ahead Of Home Prices...
08/08/201412:52:02U.S. Hot Stocks: Hot Stocks to Watch
08/07/201422:20:35Australia's REA Group Profit Jumps
07/27/201422:20:14Fox's Bid for Time Warner Includes Voice on the Board
07/25/201406:05:48U.K. Equities Take the Limelight in European Markets
06/25/201416:19:36U.K.'s Cameron Faces Questions Over Coulson
06/19/201411:55:14New London Silver Fix to Be Decided in July
06/13/201413:54:14LME, Others Vie to Replace London Silver Fix
06/09/201419:52:18Chase Carey Agrees To 2-Year Extension With 21st Century Fox
06/03/201412:10:08U.S. Goes Back to Publishers on Prices

News and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad