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June 18th, 2012 
FAKE NEWS for the Zionist agenda
Fairfax, which also owns The Australian Financial Review as well as radio
stations, websites and 430 regional titles and magazines, said it would
consider ending its metropolitan newspaper print editions if readership and
advertising revenue continue to decline. The online paywalls, to begin by
the end of the year, will allow limited free access in a similar model to
that adopted by The New York Times.
“It’s a momentous day … but this plan is frankly about five to ten
years too late,” Andrew Jaspan, a former editor of The Age, told ABC
Television.
“I worry it’s too late for the future of Fairfax. I think there will
always be an appetite for print but print will become a premium product. ”
Adding to the dramatic shake-up of Australia’s media landscape, Mrs Rinehart
confirmed she had increased her stake in the company to 18.7 per cent as she
vies for two or possibly three board seats.
The mining billionaire’s company, Hancock Prospecting, has made two raids on
Fairfax in recent weeks and is expected to move to 19.9 per cent ownership,
just short of the point at which it would be required to make a formal
takeover bid.
Fairfax’s chairman, Roger Corebett, has so far resisted her efforts to gain a
board seat amid concerns about her intention to intervene in editorial
decisions.
The Australian arm of the Murdoch empire, News Ltd, which controls about 70
per cent of Australian newspapers, is also tipped to announce a dramatic
shake-up and big jobs cuts in the coming weeks.
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