The Press reports:
Fairfax Media is looking at paywalls for its online publications in New Zealand, plans to cut staff and may close some publications as it faces the strains from falling advertising.
The Fairfax Media business in New Zealand includes newspapers such as The Press, magazines and online news websites, such as Stuff.
In Australia yesterday, parent company Fairfax announced plans to cut total group costs by A$60 million (NZ$72m), above the A$251m already promised to the market following a restructure of its print and digital operations.
As part of the update yesterday, Fairfax released details of digital subscription for its news websites in Australia with packages from A$15 to $44 a month.
In New Zealand, acting managing director Andrew Boyle said just when or how paywalls would be brought in here remained to be seen.
I’m sort of looking forward to the paywalls coming to New Zealand. I’d say it will lead to many more people coming to blogs, as they won’t be able to get their news from the main media websites.
It will be a good opportunity to boost resources at the blog, and try to fill the gap left by the newspaper sites.Tags: Fairfax, Media, paywalls, Stuff