Wednesday 25th February 2009
|Text too small?|
Pankhurst, 54, steps down after seven years in the job having joined shortly after the news paper was created out of a merger between the Dominion and Evening Post newspapers.
The new role also gives him responsibility for the New Zealand Press Association, which is co-owned by Fairfax Media and APN News & Media. NZPA, as it is known, supplements content from the two media groups with its own reportage, though its owners have been mulling its future.
Pankhurst also takes over as head of the National Advertising Bureau.
Fairfax Media chief executive Joan Withers said Pankhurst "did not want Tim to leave his post with Fairfax but we accept his decision to take on this significant role with the industry body and we look forward to working with him in that capacity."
Fairfax Media this week posted a first-half loss as advertising revenue dwindled and the publisher wrote down the value of its mastheads and media licenses.
Australia's second-largest newspaper company had a loss of A$365.3 million in the six months ended Dec. 31, from a profit of A$187.7 million a year earlier.
Fairfax plans to begin a search for a replacement as editor. Pankhurst takes on the new job in April.
No comments yet
FreshLeaf: Cannabis on course to be 'medicine of the masses'
Arvida Group Limited (NZX: ARV) to Acquire Arena Living Retirement Living Portfolio
My Food Bag Group Limited (NZX: MFB) Market Update and HY Results Announcement Date
Harmoney Corp Limited (NZX: HMY) Delivers Record September Quarter
Vital Healthcare Property Trust (NZX: VHP) Announces Successful Completion of $115m Placement
14th October 2021 Morning Report
General Capital Limited (NZX: GEN) Completes Greenfern Listing
LISTING AND QUOTATION NOTICE: NZX MAIN BOARD - GREENFERN INDUSTRIES LIMITED
13th October 2021 Morning Report
Hotel Montreal: Patterson Family Buys Christchurch's Hotel Montreal