Nieman Foundation at Harvard
HOME
          
LATEST STORY
Inside, the collection of industry newsletters, continues to bet on email, the “largest social network”
ABOUT                    SUBSCRIBE
May 6, 2013, 12:27 p.m.
LINK: www.poynter.org  ➚   |   Posted by: Joshua Benton   |   May 6, 2013

Apologies for the Australian football reference, but Rick Edmonds catches Fairfax CEO Greg Hywood saying print may have a shorter lifespan in Australia than some may think.

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. To the extent print newspapers have a future, he said, they will be “expensive, bespoke and narrowly distributed.”

Pressed on when Fairfax papers in Sydney and Melbourne might reduce frequency to a few days a week, Hywood declined to offer more specifics. He did add, however, that just dropping a day or two might have a minor impact on fixed costs, and “you can lose revenue without comparable savings.”

Show tags Show comments / Leave a comment
 
Join the 45,000 who get the freshest future-of-journalism news in our daily email.
Inside, the collection of industry newsletters, continues to bet on email, the “largest social network”
Closing in on a year, the company founded by serial entrepreneur and investor Jason Calcanis now has around 300,000 subscribers across 30 newsletters, and average open rates just above 40 percent.
With Facebook Watch, the Fort Worth Star-Telegram hopes to attract more viewers to local videos
“Watch is appealing because it’s not just about getting as many of those singular people watching, but also developing a community of people intrigued by the content who want to watch together.”
New York City makes the claim that it’s the podcast capital of the world (but is that a good thing?)
Plus: Another daily news podcast — this time from Vox and Midroll, Radiolab controversy, and are there too many celebrity podcasts?