Fairfax restructure on print could hurt newsagents. Newspaper publisher Fairfax announced major changes to its operations today under the heading of FAIRFAX OF THE FUTURE.
The changes prepare the company for a digital only model. Indeed, on page 17 of the investor briefing document, Fairfax acknowledges that the move to digital only is inevitable, tying remaining in print to revenue. With print revenues in steady decline for years, there can only be one end point, an exit from print. The future of print. NAYSAYERS are saying the print media is on its way out, but those who are keenly observing how the print media industry is growing are saying, not yet.
There is something going on that goes beyond just technological advancements and the drop in interest to read among the young, such that the biggest newspaper company in Indonesia is even experiencing a sharp increase in circulation. Apparently, there is something in the newspaper industry that goes beyond just the printed word.
This and many more were the issues tackled during the Publish Asia 2012, the annual convention of the World Association of Newspapers and News Publishers (Wan-Ifra) held in Bali, Indonesia last April 10-12, 2012 attended by more than 300 delegates including Sun.Star top officials Joyce Garcia-Dizon and Gina Garcia-Atienza. “In Central Java and East Java, two of the most populated provinces in Indonesia, the consumption is stable,” he said. Newspaper_Extinction_Timeline.pdf (application/pdf Object) Newspaper Industry Is Running Out of Time to Adapt to Digital Future.