Fairfax's Darwinian delusion

Fairfax's Brian McCarthy has promised more evolutionary change following predictably improved results. But given the pace of developments in online media, surely a revolutionary approach is required.

Fairfax Media has always been leveraged to economic conditions, so it was no great surprise to see its earnings accelerating towards the end of the year to June. A little disconcerting, however, was how much of the rebound was attributable to the axe that Brian McCarthy took to the group’s cost base during the advertising recession.

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