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Lee
 Post subject: Razing standards at Fairfax
PostPosted: Wed Jun 22, 2005 11:16 pm 
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Joined: Sat May 22, 2004 12:01 am
Posts: 160
Location: Australia
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
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paulwiggins
 Post subject:
PostPosted: Wed Jun 22, 2005 11:31 pm 
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Joined: Wed Oct 08, 2003 12:01 am
Posts: 3137
Location: Homebush NSW Australia
Could someone define for me precisely what a chief operating officer is. That would give me a better grip on what Mr Evans' moves mean.
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Lee
 Post subject:
PostPosted: Thu Jun 23, 2005 5:39 pm 
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Joined: Sat May 22, 2004 12:01 am
Posts: 160
Location: Australia
Chief operating officer
From Wikipedia
"A chief operating officer (or COO) is a corporate officer responsible for management of day-to-day activities of the corporation. The COO is one of the highest ranking members of an organization, monitoring the daily operations of the company and reporting to the chief executive officer directly. The COO in some companies is also the president, but they are usually an executive or senior vice president."

I'd suggest the COO is a hawk, rather than a dove (or perhaps he's a pigeon?).
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