ABC's take on the media crisis in Australia

Here are two Australian Broadcasting Corporation stories on the current Fairfax Media cuts and the general decline of the media industry.



1. 7.30 Report

Media industry in crisis as standards decline: Davies

Kerry O’Brien speaks with investigative journalist and author Nick Davies about his new book, Flat Earth News. Davies argues that journalistic standards are declining the world over as cost cutting and government pressures take toll on the industry.

Read transcript.
Watch video of extended interview.

2. Media Watch

Trouble at Fairfax

The rise of the internet and a slowing economy has led to the announcement by Fairfax that it will cut 5% of its workforce in Australia and New Zealand. Will these cuts come at the expense of journalism?

Read transcript.
Watch video.