Opinion

Fairfax: Job cuts don’t mean the sky is falling

Garry_Linnell-205x350Fairfax group editorial director Garry Linnell responds to Andrea Carson’s criticism that recent journalism redundancies have decreased the level of scrutiny given to business reporting. 

Oh dear. On the sports field athletes are taught to ignore the crowd. And so it should be in journalism. Normally the ill-informed ravings of an academic like Andrea Carson would disappear into the ether, just another small murmur from that overflowing grandstand filled with the media spectatorati.

But her article yesterday that the sky was again falling down – this time on investigative business journalism – deserves a response. Carson should be escorted from the stadium for absurdity and a lack of understanding of the modern game.

On the front pages of Fairfax newspapers, websites, tablets and mobile platforms today stand a series of articles exposing allegations of bribery and corruption involving a major Australian company. The investigation, which took more than six months of intensive work, raises serious questions about the effectiveness of the nation’s corporate regulator.

Journalism like this requires large investments in time, resources and cost. Carson suggests that Fairfax’s decision this week to restructure its business media division, with a resulting 25 redundancies as we become more efficient and avoid duplication, will bring about less scrutiny of the corporate sector.

Not only is such a suggestion a slur on the professionalism of a large body of journalists who consistently bring to light issues corporate Australia would prefer to keep hidden, Carson also fails to understand what is happening in the modern media world.

Fairfax has just created the largest and most audience-focused home for business journalism in the country. With the vast digital audience of Business Day in the metropolitan mastheads combining with the specialist and highly engaged readers of The Australian Financial Review, business journalism in Fairfax is actually stronger now than at any time before.

It’s probably hard to see this while standing in the Jurassic era trying to get a glimpse of this new era. We are not going to produce a vanilla, one-size-fits-all approach to business journalism, just as our various mastheads retain their own individual approach. The decisions our editors make are based on deep audience data, backed up by their experience and determination to protect their brands.

Carson also suggests editors across Australia are increasingly refraining from investigative business journalism for fear of upsetting prospective advertisers. This seriously exposes her naivety. Ask any editor from any reputable publication about the amount of advertising revenue their titles have had pulled in a year because they published something that offended one company or another.

Fairfax has a deep commitment to investigative journalism, whether it be in business, news or sport. The past 12 months tell the story, as do an unprecedented number of Walkley and Quill awards. Not to mention the odd Royal Commission being formed.

We’ll keep doing it. It’s what we do. It’s just a shame that in an era of vast transformation in the media industry, those who earn a taxpayer-funded living by commenting on it are still locked in a world from which the rest of us have long moved on.

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