Brian McCarthy resigned today as CEO of Fairfax. Fairfax watchers have been expecting moves or some sort as the company is publicly and privately coming to terms with its future in a digital (versus) paper world.
Just this morning, Mark Day, writing in The Australian, had a warranted crack at the financials for The Age. While the McCarthy resignation appears unrelated. The tensions at the newspaper and Fairfax more widely are connected with the same topic – the future of the print newspapers.
Newsagents can look at this as interested bystanders. Or, we can consider more thoroughly the same questions the folks are Fairfax are wrestling with.
So the Captain has jumped off the Titanic.
We had a customer on a Age subscription that he has had on going for years come in and asked us about a offer that he received from fairfax. It is the Age delivered 7 days a week for $99 for the year… he asked me if that could be right? After ringing, they confirmed it was. Is this a sign on desperation?? This is a great deal for the customers!!