Nine and Fairfax have announced a merger, with the resultant company to be called Nine and Nine shareholders to control the majority of shares. This isn’t a merger, but a takeover. Fairfax, as we know it, is dead. With the death knell of Fairfax (publishers of The Age, The Sydney Morning Herald and the Canberra Times) comes the confirmation that online advertising isn’t sufficiently profitable to fund serious journalism.
Continue reading “The Death of Fairfax and the Stratification of Journalism”