How a real media company stems losses

Compare and contrast two media organisations one is a bloated government funded sweatshop coming under fiscal pressure the other is a private company coming under fiscal pressure.

Fairfax is preparing to shed about 100 jobs from its New Zealand operation, according to a report inThe Australian newspaper.

The news comes just days after Fairfax said its second half revenue was down by 4.5 per cent and that it did not expect market conditions to improve enough to recover the decline before the end of the financial year.

Radio New Zealand sells pianos, runs cake stalls and goes on the bludge for more. The market forces Fairfax to make sensible decisions about staff.