THE DEATH OFFAIRFAXAND THE
END OFNEWSPAPERS
Whereisthejournalismweneedgoingtocomefromnow?
BY ERICBEECHER
TheAge officesin Collins Street,Melbournec. 1903.©Fairfax Syndication
LateoneFridaynight almost40yearsago,Iwasstanding onthe footpath in a seedypart of
Melbourne’sCBD,waitingtobuy oneofthe first copiesofthemarquee Saturday edition of The
Ageasitrolled offthegiant Gosspressesthat linedthebowelsofthepaper’sbuilding.Ihadjust
written my firstby-lined story on the frontpageofthenewspaperthenregarded asthebest in
Australia,andasan ambitiousyoungreporter Iwastooimpatienttowaituntilthenextmorningto
seeit inprint.
In thosedays,every Friday aroundmidnight,the streetsoutsidetheAgebuildingoverflowedwith
peoplewhocametobuy an early copy ofthepaperwith itsthousandsofclassified adsforjobs,
carsandproperties.To seethempickup theirnewspapersthatnight,keepingtheclassified ads
anddumpingtherest intorubbishbinsplacedalongthestreetbyAgestaff,wasadoseofreality
1
for an idealisticjournalist.InowrealiseIwasseeingevidence for apredictionmadeadecade
earlierby media savantMarshallMcLuhan.“Theclassified ads(and stock-market quotations) are
thebedrock ofthepress,”heobserved.“Should an alternative sourceofeasy accessto such
diversedaily informationbefound,thepresswill fold.”
Theincongruity in thatbusinessmodel– profitsfrom adsforjobs,housesandcarsbankrollingthe
journalismthat isvitalto afunctioningdemocracy– took several decadestoplay out.The
“newspaperbusinessmodel”,asit’snow derisively known,hasimploded.Peoplenolonger line
the streetsoutsidenewspaperpressesatnight tobethe first to seetheads.Theinternethas
poachedmost ofAustralia’snewspaper classified advertising.Themoney that financedquality
journalism for acentury isdisappearing,withnolikely replacement.
Thestory ofhowAustralian qualityjournalism fellvictimto acommercialmarket failurehas
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