Fairfax promises new structure to speed up move to digital
Fairfax Media’s AGM was today given few clues about the company’s new strategy and structure to transition from a print-led to digital company.
The company had originally planned to give more detail of a new direction at an investor day last month, but postponed that until November 23.
At today’s AGM in Melbourne, CEO Brian McCarthy told investors that there would be a “new organisational structure” focused on greater sharing of content between print and online and a more integrated sales operation. However, there were few clues beyond that. He said:
“First being a multi-platform media company is about us adapting to the new media environment, by shaping our content and our advertising offering to the needs of readers and advertisers.