—NAA forecast shows small hope for online in ‘09: As is still often the case with newspaper revenues, the online portion is expected to do slightly better than the whole operation. The Newspaper Association of America expects print to be down 12.5 percent this year, while online revs will be up a paltry 1.8 percent—a considerable reversal from 2007’s 18.8 percent gains. And next year can hardly be called a resurgence, as the NAA forecasts online to grow 9 percent, while print will fall 6.8 percent.

—Fairfax increases cuts, bosses earn record pay: Nearly a month after the Aussie news giant announced it would cut 550 jobs across its corporate and publishing units, Fairfax has increased cuts at Sydney Morning Herald from 60 to 70, while its bosses earned record pay for the year to June. CEO David Kirk received a total of $3.41 million in salary, bonuses, superannuation and shares, a 24 percent rise over last year. Australian boss Brian McCarthy’s pay package, for his first full year at Fairfax, stood at $2.43 million. The number was about 70 percent above the $1.43 million he earned in 2005-06 at his final year at Rural Press, which Fairfax bought last year. Kirk recently said classified ad revs have been “leaking out of the bottom of the bucket.”

More after the jump.