Fairfax Workers Strike Kicks Off

Fairfax media workers have not taken the attack on their industry lying down. Today workers, in newspapers like the Age, the Sydney Morning Herald and the Financial Review, have decided to strike until Monday.

Already this has resulted in a sharp fall in the Fairfax media share price. But the cost for the 550 workers, including a substential number of editorial positions, is clearly going to be a lot larger.

Regional Papers, like the Newcastle Herald and the Wollongong Mercury, are likely to proportionally be the hardest hit. It is perhaps a sign of the times ahead that today the Age and SMH featured stories from their respective cities zoos on their front page.