Fairfax announces major restructure with Jack Matthews set to exit

Published 04 April 2013 09:19, Updated 05 April 2013 07:55

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Fairfax announces major restructure with Jack Matthews set to exit

Fairfax chief executive Greg Hywood. Photo: Peter Rae

Fairfax Media’s former New Zealand boss, Allen Williams, is the big winner in a major organisational restructure that sees him heading up a new, single division for all Australian publishing.

Former Metro Media chief executive Jack Matthews leaves the company after seven years, as does former regional publishing boss Allan Browne, who served a combined 25 years at Rural Press and Fairfax.

Former Financial Review Group chief executive Brett Clegg moves into a new role, overseeing Business Media, one of four publishing units in the new Australian publishing division.

The other units are: News Media, to be run by Garry Linnell, formerly editorial director of Metro Media; Life Media (which Mr Linnell is heading in an acting capacity); and Australian Community Media, to be run by Nic Cola, former CEO of Marketplaces.

Fairfax Media has announced it will restructure into five business divisions.

The new Australian Publishing Media division will incorporate the former Metro Media division (which included The Sydney Morning Herald and The Age, the Financial Review Group (which publishes The Australian Financial Review and BRW), regional newspapers, agricultural publications and community newspapers.

Mr Williams takes on the new title of managing director, Australian Publishing Media.

Real estate advertising business Domain is to be spun out into a separate division, which will include the Metro Media Publishing joint venture for Melbourne community newspapers.

The new Digital Ventures division will house the digital transactional business, such as dating website RSVP, holiday accommodation website Stayz and TenderLink. The old Marketplaces division will be scrapped.

The other two divisions – Radio and New Zealand – remain unchanged.

The full version of this story first appeared on The Australian Financial Review.

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