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Sky News On The Hour 3pm -

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captioned by Ai-Media This program will be live

Good afternoon. Welcome to

PM Agenda. I'm David Speers.

The tremors and aftershocks

from this week's two big media announcements will be

felt for months and years to

come, but the difference

between today's News Limited

announcement and Monday's

Fairfax announcement are like

chalk and cheese. On Monday

Fairfax announced 1900 job

cuts, the closure of two big

printing outlets and the

reduction of its flagship papers the 'Sydney Morning

Herald' and the 'Age' down to

slimline tabloid form. A lot

of pessimism in Fairfax

offices around the country