Jan 24, 2013

Financial Review slashes subs but ‘still in the black’

The Australian Financial Review is the latest newspaper to outsource subediting in a bid to cut costs -- and it's not the only problem the troubled newsroom is facing.

Matthew Knott

Former Crikey media reporter

Australian Financial Review Group CEO Brett Clegg is adamant the paper remains profitable, despite the decision to make 13 more jobs redundant by outsourcing subediting to New Zealand.

Speculation is rife among senior staffers who spoke to Crikey this morning that the up-market tabloid has run into the red this financial year because of dwindling display advertising.

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2 thoughts on “Financial Review slashes subs but ‘still in the black’

  1. Ghostwriter

    To the Fin Review reporter who is “happy with resources to be directed to people who are breaking news rather than people who edit copy.” I hope you’re still happy when you make a monumental c&^k-up and there’s no diligent sub to cover your pretentious posterior. The slow death of newspapers and the growing dearth of good subs are not as mutually exclusive as some people would have you think….

  2. Matt Stevens

    The pollyannas at the Fin need to check the scorecard. For the first time in 50 years people are questioning whether it’s a viable business. The circulation is extremely weak. And the people talking about them are often former readers.

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