Live blog: Thursday, August 14
Welcome to Mumbrella’s live blog, our daily roundup of what’s happening in media and marketing.
Top Stories:
- Fairfax gives four execs $2.4m rise as staff there and at News corp battle for pay increase – as an exec justifies increase saying management “back” themselves but journos won’t
- As Fairfax records profit of $224.4m on the back of asset sales
- Qantas making Frequent Flyer push with new web portal
- STW Communications has seen revenues rise despite CEO saying there hasn’t been enough new business
- News.com.au top news site as Daily Mail creeps up rankings again in big news month
- Diageo marketing boss: ‘I was sick and tired of wasting strategy money’
- Opinion: It ain’t weak to speak – how I dealt with depression
- Dr Mumbo: Do you want flies with that?
3:47pm – One of the four Fairfax execs who received the $2.4m pay increase wrote in an email the management “deserved” it because they were prepared to back themselves to hit targets, while journalists weren’t.
2:23pm – Staff at Fairfax are preparing to go into a stop work meeting to discuss a pay freeze, just hours after it emerged four of its execs shared $2.4m in extra remuneration
