Fairfax Media CEO resignsHead of Fairfax Media Brian McCarthy quit today, effective immediately, after he refused an offer to stay on for 3-5 more years. Fellow board member Greg Hywood will act as a temporary replacement, until a permanent is found.
Fairfax board
Fairfax at the crossroads — McCarthy v Matthews
Things are coming to a head, at last, in the ongoing confusion and flailing around at Fairfax Media. Whether this results in any brave new direction for the company remains to be seen.
We waited for this? Serial board members but no media experience for Fairfax
It is hard to understand why it has taken Fairfax Media more than three months to announce the trio of relatively tame board appointments. Still nobody on the board has an inside understanding of journalism.
Fairfax a ‘laughing stock’ over Evans conflict
It took two years for the Fairfax Board to realise that David Evans, one of its members, was in breach of the law by being a director of both Fairfax Media and Village Roadshow. Just another example of poor governance at Fairfax?
With Roger Corbett, it’s a question of character
Roger Corbett’s Christian values didn’t appear to count for much when the opportunity presented for Woolies to leap into the pokies business. Why is the anti-gambling Salvation Army associated with someone who actively supports pokies?
A growth story? What the candidates for Fairfax told ACSI
If there is a growth and a renewal story for Fairfax, it needs to be found soon. The Board has made it clear it wants to recruit media experience. Where will it turn?
Corbett’s Fairfax still a leaky boat, says analyst
The latest Fairfax skipper, Roger Corbett, is going have to row mighty hard and with a “titanic” weight on his shoulders, writes Roger Montgomery.
What to think about Roger Corbett and the Fairfax Board?
Predictably, Roger Corbett is the new chairman of Fairfax. Will he encourage brave hiring and get more into new media? He’d better, writes Margaret Simons.
A board without women is …. Fairfaxed!
Lost in the details of the great schism in the Fairfax boardroom is the news that after the annual general meeting next month, there will be no women on the board.
Fairfax recruit highlights new employer’s no-vacancy rort
The so-called no-vacancy rule makes getting on a public company board impossible for outsiders. Forcing institutions to disclose how they vote will further expose the old boys’ network, starting with Fairfax.
Bartholomeusz: Confrontation could tip Fairfax over the edge
There is a distinct possibility of a complete implosion within Fairfax, which would hand a near-empty boardroom to the two Fairfax family members writes Business Spectator’s Stephen Bartholomeusz.
Kohler: Fairfax’s biggest battle isn’t in the boardroom
Fairfax is reliant on newspapers which are given a low-growth price earnings multiple by investors, and new media isn’t a gold mine, says Alan Kohler. Whoever wins the current board stoush needs a good plan.
Ron “will he, won’t he” Walker regrets rien
Fairfax chairman Ron Walker is still being coy about whether or not he’ll resign come the fractious November AGM. He has told The Australian that without him, “this company wouldn’t be alive today.”
New blood jostles for Fairfax control
Was there ever a company more clearly in need of fresh talent than Fairfax Media? Sadly, the Fairfax board is better at perpetuating itself than reinventing and reinvigorating.
The Harris and Noonan Fairfax tickets
Two leading journalists and editors have announced their intention to nominate for the Fairfax Board. The underlying implication: readers and journalists have had enough, says Margaret Simons.
Gerard Noonan: Why I’m running for the Fairfax board
Veteran Fairfax journalist and editor Gerard Noonan makes his pitch for election to the board of Fairfax Media in an attempt to end the company’s “childish corporate bickering”.
Corbett’s tough call: what will Fairfax’s deputy chairman do?
Fairfax chairman Ron Walker wants to stay until March. But with the Marinya camp’s significant minority pushing for an earlier demise, any victory would be pyrrhic, says Jennifer Hewett. Time for a push?
