Fairfax

Fairfax broadsheets are now tabloid, with editors insisting the historic change will not affect content.

The decision to sell its remaining 51% stake in New Zealand online auction site Trade Me was a sad indictment on the state of Australian publisher Fairfax Media, Craigs Investment Partners broker Chris Timms said yesterday.

Three of Australia's leading editors have quit as Fairfax Media continues the radical overhaul of its news business.

Journalists at Fairfax Media will begin the first day of their strike today after voting to leave the job for 36 hours over the outsourcing of 66 editorial production jobs to New Zealand.

Fairfax Media is preparing for a sale of between 30 and 35 percent of online auction website TradeMe in an initial public offering (IPO).

The journalists' union is taking Fairfax to the industrial mediator over its decision to outsource sub-editing work.