Extract from Fairfax Media CEO David Kirk
Our second priority has been rapid growth in our internet earnings. We have made the major and very successful acquisition of Trade Me and we have developed and grown a wide range of online businesses. In Australia we are #1 in news and information (our launch of brisbanetimes.com.au has been an unprecedented success), we are #1 in dating and holiday rentals and we have strong #2 positions in jobs, homes and cars classifieds. (behind seek, realestate.com.au and carsales)
Our business news and information and investor positions are very powerful with afr.com and BusinessDay.com.au, which complement each other as they cover and expand the market. We are rapidly implementing a successful online entertainment strategy with Austereo in music and Anytime for online video-on-demand downloads.
Our travel strategy is moving fast with online hotel bookings launched and online flights and cars on the way.
Overall, Fairfax Digital's contribution to Fairfax Media's profits has grown from 1% to 14% in two years and there is much, much more to come.
Our third priority has been to build a digital media company, by adapting our media products, working processes, systems and organisation to the new converged world of digital media.
And at the same time job cuts of 35. Perhaps that can be attributed to better productivity from technology changes
Thursday, April 26, 2007
Tuesday, April 24, 2007
Depression - Lawyers top the list of professionals at most risk
LAWYERS are more likely to suffer depression than any other group of professionals in the country, reported by The Age.
They are also more prone than others to drinking and taking drugs to help ease the pain of their depression, research shows.
An obsession with billing targets, deadline pressure and inflexible working hours contributed to the problems.
The research, by mental health group beyondblue and management consultancy firm Beaton Consulting, found that 15 per cent of legal professionals experienced moderate or severe depressive symptoms, a rate 2½ times that of the general population. More than 5 per cent also admitted using non-prescription drugs and alcohol to manage.
Law Institute of Victoria chief executive Mike Brett-Young said law firms were reporting a growing attrition rate, particularly among younger lawyers.
"Because lawyers are also dealing with everyone else's problems they think they should be able to handle their own," he said.
Perhaps it is litigation lawyers are the most at risk. General property law is naturally less combative. I can understand the pressure that lawyers practising predominately in commercial, family and personal injury law must face over a period of time. As a professional it would be difficult to not get involved. I dont know what the answers are.
They are also more prone than others to drinking and taking drugs to help ease the pain of their depression, research shows.
An obsession with billing targets, deadline pressure and inflexible working hours contributed to the problems.
The research, by mental health group beyondblue and management consultancy firm Beaton Consulting, found that 15 per cent of legal professionals experienced moderate or severe depressive symptoms, a rate 2½ times that of the general population. More than 5 per cent also admitted using non-prescription drugs and alcohol to manage.
Law Institute of Victoria chief executive Mike Brett-Young said law firms were reporting a growing attrition rate, particularly among younger lawyers.
"Because lawyers are also dealing with everyone else's problems they think they should be able to handle their own," he said.
Perhaps it is litigation lawyers are the most at risk. General property law is naturally less combative. I can understand the pressure that lawyers practising predominately in commercial, family and personal injury law must face over a period of time. As a professional it would be difficult to not get involved. I dont know what the answers are.
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