Nieman Foundation at Harvard
HOME
          
LATEST STORY
Show Me The Next strips down online reading and discovery to their most basic components
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 15,000 who get the freshest future-of-journalism news in our daily email.
Show Me The Next strips down online reading and discovery to their most basic components
“I think there is room for niche, monkish austerity.”
From Nieman Reports: Why news outlets are watching India’s next billion Internet users
“I can think of a billion reasons why it’s in the interests of news outlets to overcome barriers of language, literacy, and relatively low-end tech.”
Newsonomics: 10 headlines we may see this fall about the future of news
From pipes to platforms, overseas to over-the-top, the shifts we’ll see in the remainder of 2015 will set the stage for 2016 and beyond.
What to read next
2577
tweets
The New York Times built a Slack bot to help decide which stories to post to social media
The bot, named Blossom, helps predict how stories will do on social and also suggests which stories editors should promote.
1310Jo Ellen Green Kaiser: Do independent news outlets have a blind spot when it comes to ethnic media?
The head of the Media Consortium argues that, by defining themselves in opposition to mainstream media, independent progressive outlets miss out on the power of ethnic and community journalism.
1029Newsonomics: 10 numbers on The New York Times’ 1 million digital-subscriber milestone
Digital subscribers are proving to be the bedrock of the Times’ business model going forward. How much more room is there for growth — and at what price points?
These stories are our most popular on Twitter over the past 30 days.
See all our most recent pieces ➚
Fuego is our heat-seeking Twitter bot, tracking the links the future-of-journalism crowd is talking about most on Twitter.
Here are a few of the top links Fuego’s currently watching.   Get the full Fuego ➚
Encyclo is our encyclopedia of the future of news, chronicling the key players in journalism’s evolution.
Here are a few of the entries you’ll find in Encyclo.   Get the full Encyclo ➚
National Review
PolitiFact
Hearst
The Chronicle of Higher Education
NBCNews.com
Investigative Reporting Workshop
The Miami Herald
Connecticut Mirror
Iowa Center for Public Affairs Journalism
Politico
Baristanet
ESPN