Hywood’s diet keeps Fairfax just floating

Almost across-the-board revenue declines, even in the previously resilient regions, has Fairfax reeling. Mercifully, chief executive Greg Hywood's cost cuts have bought time.

It is sobering to think of where Fairfax Media would have been had Greg Hywood not embarked on, and delivered, his traumatic cost-reduction and business restructuring program. Without that 'Fairfax of the Future' program the traditional core of Fairfax – its metropolitan mastheads – would almost certainly no longer exist.

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