Stop the Presses: How Greed, Incompetence (and the Internet) Wrecked Fairfax

How has the Fairfax empire arrived at its current shabby, sorry state -- and what does its demise mean for the future of independent journalism?
A decade ago Fairfax Media was one of the most powerful institutions in the country; staffed by gun reporters, funded by its 'rivers of gold', offering up high quality, fearless journalism. Since then, it has become a car wreck in slow motion. But how did it come to this? Why did one overpaid, underwhelming manager after the next fail to see the fu...