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R E L E A S E MICHAEL GILL TO LEAD ALL FAIRFAX BUSINESS PUBLICATIONS Mr Fred Hilmer, Chief Executive of John Fairfax Holdings Limited (ASX:FXJ), announced today that Mr Michael Gill, Publisher and Editor-in-Chief of The Australian Financial Review, ("AFR") would assume expanded responsibilities over all of Fairfax’s business publications, including BRW Media. Mr Jim Clarke, Chief Executive, BRW publications, will now report to Mr Gill. Mr Hilmer also announced that Mr Peter Miller, Group Sales and Marketing Director, will lead a special task force to identify how the business publications group as a whole can strengthen their overall market positioning. The AFR, which is published Monday-Saturday, launched its Weekend Edition last year. The AFR Magazine, published monthly, is one of the most successful magazines of its type ever launched in Australia. BRW Media includes Business Review Weekly ("BRW"), the country’s leading weekly business magazine, Personal Investment and Shares, and has a significant contract publishing business. In making these announcements, which are effective today, Mr Hilmer said: "With BRW and the AFR, and the suite of publications produced by their editorial staffs, we have the leading financial services publications in Australia. By expanding management focus to include both publications, we will unlock significant and strategic synergies that can help expand BRW’s content and circulation growth, and further build the AFR. "In an era of exploding share ownership in Australia, and the emergence of new online services for both investment and commerce, we wanted to strengthen our presence in this critical financial publications market, rather than focus solely on a specific masthead. "We expect this strategy will produce benefits both to our readers and our advertisers. "By virtue of his experience at the helm of the AFR. Michael Gill brings an added dimension of leadership to BRW. "These changes will enable Fairfax to consolidate and expand its unchallenged leadership as Australia’s pre-eminent business publisher." 16 December, 1998 -- ENDS -- For further information, please contact
Note: John Fairfax (ASX:FXJ) is Australia’s leading publishing group. Its mastheads include The Sydney Morning Herald, The Australian Financial Review, The Age, The Sun Herald and BRW. In addition, the Company publishes financial and consumer magazines, and provides online services. In 1998, the Company had revenues of over $1.1 billion. |
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Fairfax > Corporate Affairs & Media Releases > Announcements > GILL
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