Fairfax Media, Australia's multi- platform media group, plans to scrap the print edition of BRW Magazine after 32 years.
The company is said to be moving away from its traditional print operations to strengthen its online business, local media reported Friday.
Fairfax's Director of Business Media, Sean Aylmer has informed staff that the final edition of the weekly business magazine will be printed on November 28, but the company will retain the BRW website and the popular BRW 200 Rich List as part of its business media unit and Australian Financial Review masthead.
BRW staff have reportedly been asked to take part in the voluntary redundancy program.