Australian media giant Fairfax said Monday it will slash 1,900 jobs and erect paywalls on its flagship titles as part of a major overhaul as it works to address falling print advertising revenues. Nineteen hundred jobs will be cut over three years in a move that will see the Sydney Morning Herald and Melbourne Age change from broad sheet to tabloid-sized papers in 2013. The cuts at Fairfax follow two previous rounds of redundancies as well as outsourcing of subediting jobs at two of its main regional newspapers.
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Australia’s Fairfax Media to cut 1900 jobs – Bangkok Post