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.
Businesswire.co.nz
No comments yet
Mercury appoints new Chief Sustainability Officer
April 24th Morning Report
VCT - Operational performance for 9 months ended 31 March 2025
April 23rd Morning Report
TWR - Capital Return - ATO Class Ruling Obtained
THL - FY25 Trading Update
April 17th Morning Report
EBOS announces opening of Retail Offer
MCY - FY2025 EBITDAF guidance revised to $760m
April 16th Morning Report