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How the Financial Review survived Fairfax’s folly

How the Financial Review survived Fairfax’s folly

It was only the October 1987 sharemarket crash that saved the masthead from falling into the hands of corporate raider Robert Holmes a Court.

Pamela WilliamsWriter-at-large

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Warwick Fairfax, at the Fairfax Broadway offices, in 1990. Robert Pearce

On August 31, 1987, young Warwick Fairfax – scion of the transcendent Fairfax media empire – stunned the sharemarket, the federal government and just about everyone else. Most shocked of all were the nation’s journalists, and among those that the news hit hardest was the staff of The Australian Financial Review.

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Pamela WilliamsWriter-at-largePamela Williams is The Australian Financial Review’s writer-at-large. She is an investigative reporter and author, and has won six Walkley Awards and the Graham Perkin Journalist of the Year Award. Email Pamela at pamela.williams@afr.com.au

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Original URL: https://www.afr.com/companies/media-and-marketing/how-the-financial-review-survived-fairfax-s-folly-20210809-p58hak