‘Slightly sanctimonious’: Media baron John B. Fairfax urges publishers to look beyond profits

Original article by Zoe Samios
The Sydney Morning Herald – Page: Online : 17-Jun-21

Australian businessman John B. Fairfax has criticised media companies that responded to the pandemic-induced downturn in advertising revenue by sacking staff and discontinuing the print editions of some newspapers. He notes that News Corp and Australian Community Media in particular adopted a "pretty harsh attitude", with the closure of many regional newspapers and some printing plants. Fairfax argues that media companies should not focus solely on profits, and they must recognise their responsibility to provide quality journalism to the communities they serve.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA PTY LTD

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