Domainfax to shed the last of its “journalists”?

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From Sky:

Journalists at Fairfax Media will take industrial action following the announcement 120 editorial jobs will be axed from mastheads in Sydney and Melbourne.

A stop-work meeting will be held in both cities on Thursday at 1.30pm, hours after the news broke.

Fairfax will make cuts to the Sydney Morning Herald, The Age and The Financial Review through redundancies and cost-cutting measures, according to one of its journalists.

‘We will shortly enter a consultation period with staff and the MEAA (media union) on a proposal to reduce costs across News and Business in the Sydney and Melbourne newsrooms by the equivalent of 120 full-time employees,’ Fairfax Media editorial director Sean Aylmer told staff via email on Thursday morning, according to Mumbrella.

I didn’t know Domainfax had many “journalists” left. Clearly not for much longer. Trivia annotation and real estate cheer leading does not require “journalists”.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.