Fairfax Media to shed 1,900 jobs over 3 years - 13 WTHR Indianapolis

Fairfax Media to shed 1,900 jobs over 3 years

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CANBERRA, Australia -

Australian multimedia company Fairfax Media Ltd. announced today it will shed 1,900 jobs over three years as part of a restructure.

Spokesman Brad Hatch says the Sydney-based company will shed almost one fifth of its 10,000 staff.

The company also said that its The Sydney Morning Herald and The Age broadsheet newspapers will become tabloids and their websites will introduce pay walls from early next year.

Australia's largest newspaper publisher after News Corp. also said it would close two printing facilities in Sydney and Melbourne by June 2014.

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