The writing’s on the wall for Australian media organisations, which have had a somewhat buffered impact to dropping circulations and advertising losses than their US counterparts.
Next week looks to be a big one for both Fairfax and News Limited with announcements due on major restructuring. There is already some speculation about what the announcements could mean, including:
Plans set to be announced June 4.
- 400 editorial jobs cut
- Merging its weekday and Sunday tabloids to seven day operations
- Online Digital Media to be brought closer to the main company
Rollout due July 1, plans to be announced this week or next.
- Doubling its cost-savings to target $170 million
- Plans to become a “fully integrated digital media company” and “platform agnostic”
- Seven day roster to be rolled out for staff
- Redundancies not ruled out
The ABC has not been spared upcoming changes either with a team of British consultants making some recommendations, including:
- Staff and programs to share more resources, and more staff will be expected to file stories for TV, radio and online
- A central planning desk to co-ordinate stories to avoid different programs covering the same event
- To move to a ”news now” capability – trying to break more stories online to compete with commercial media websites