Fairfax Media has a CEO who was a journalist? They have merged with a company "Rural Press" owned by J B Fairfax who had out dated machinery and management and needed a partner to survive in the print media division. J B Fairfax (Marinya Holdings) has sold his holding since for an $800 million dollar loss. His Right hand man Brian McCarthey quit.
One would question why the last remaining man from "Rural Press" would want to shut down the major Print facility in Sydney and keep his own business (Rural Press) afloat and out source work upto 600kms away whilst his Sydney operatio lays idol? to keep his old (Rural Press) organisation afloat. People this is a classic Ansett deal and shareholders are the victim. I'LL answer any questions if you like? $4.60 to 0.74 is a joke.
Two Minds
Fairfax Media has a CEO who was a journalist? They have merged...
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