Business Services Industry
Fairfax boss's bitter farewell photograph.
Australasian Business Intelligence, November, 2005
Byline: John Lehmann
Nov 23, 2005 (The Australian - ABIX via COMTEX) -- The report card given by insiders to Fed Hilmer, the recently departed CEO of
Australian publishing group John Fairfax, is mixed. Some argue that his numbers-driven style, a result of coming from consulting group McKinsey, was incompatible with the
newspaper business, and that he failed to sufficiently diversify the group into other media. It is lagging its rivals in the move to the internet, and is also seeing its all-
important classified advertising revenue dwindle. On the other hand, earnings are up from $A111.6 million in 1997-98 to $A252.6 million in 2004-05, and earnings...
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