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
03/22/201709:00:00Realtor.com® Names Top Cities for Millennials
03/17/201715:28:00Statement of Robert Thomson, Chief Executive of News Corp On...
03/09/201716:18:12Initial Statement of Beneficial Ownership (3)
03/06/201708:14:00HarperCollins Publishers Celebrates Its 200th Anniversary
02/28/201716:18:00News Corp’s HarperCollins Publishers to Participate in the D...
02/27/201707:01:31Current Report Filing (8-k)
02/23/201717:00:00Bedi A. Singh To Depart Post At News Corp
02/21/201716:13:00News Corp to Participate in the Morgan Stanley 2017 Technology...
02/16/201710:00:00NAR, Realtor.com® Identify Growing Rift between Housing Availability...
02/15/201709:00:00Realtor.com® Brings iMessage® Integration to iOS® 10 App With "R...
02/13/201709:11:02Amended Statement of Ownership (sc 13g/a)
02/13/201709:00:00Realtor.com® Names America's Top 10 Suburban Hotspots
02/10/201712:48:41Amended Statement of Ownership (sc 13g/a)
02/10/201706:25:29Quarterly Report (10-q)
02/09/201716:21:14Current Report Filing (8-k)
02/09/201716:15:00News Corporation Reports Second Quarter Results for Fiscal 2017
02/08/201709:00:00Realtor.com® and Golden State Warriors Team Up to Help Fans...
02/07/201712:19:24Amended Statement of Ownership (sc 13g/a)
02/03/201716:20:59Current Report Filing (8-k)
02/03/201713:39:17Amended Statement of Ownership (sc 13g/a)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US