From a story in today's Australian:
Quote:
FAIRFAX'S new chief operating officer Brian Evans has given his management team until next Thursday to come up with ways to save the publisher $100 million.
Sources said Mr Evans, who took on his role last with Fairfax (fxj.ASX:Quote,News), identified $50 million to be raised from new revenue and $50 million from cuts and redundancies across all divisions, including editorial.
Quote:
Mr Evans was understood to have suggested new sources of revenue could lie in the introduction of more advertorials in the broadsheet newspapers...
Quote:
Mr Evans, a former regional newspaper executive who successfully led Fairfax's New Zealand business since its $1.1 billion purchase in 2003, also suggested the creation of a central sub-editing division for all of the newspapers and an escalation in copy sharing between mastheads. The moves were certain to be strongly opposed by the journalists' union, the Media, Entertainment and Arts Alliance.
Full story here:
http://finance.news.com.au/story/0,10166,15698638-462,00.html