Former reporters may respond cynically to Fairfax's most recent traineeship round, but we still need the people-power for public good journalism.
Fairfax's interim results are in and it's bad news for New Zealand, where the company is slashing 35% of its news paper holdings to offset tumbling profits.
Fairfax journalists learning about their voluntary redundancies. And other media tidbits of the day.
No one likes to see a CEO, particularly a former journalist, make more than $10 million firing thousands of staff, but that’s exactly what has happened at Fairfax.
Fairfax says more than half its earnings will come from things other than its print papers in the year ahead.
Staff at The Canberra Times have so far been spared Fairfax's extreme cost-cutting measures, but they knew their time was coming.
"It's absolute chaos with the restructure and now this," an Age staffer said.