The Australian Associated Press was set to close by June – it now looks like they will be able to stay open under a new owner.
On the 5 June AAP said:
AAP’s board on Friday confirmed that an agreement was in the final stages of negotiation with a consortium of investors and philanthropists led by Peter Tonagh.
The newswire, slated to close in late June, would now continue operating as AAP and provide breaking news, public interest journalism, sports coverage and news photography.
“I am pleased that, after months of discussions with various parties, it appears we have been able to secure a new home for AAP’s legacy of trusted news,” CEO Bruce Davidson said.
The sale involves only the news division of AAP, including text and photography, which currently provides reporting on general news, courts, politics, finance, racing and sport, plus images and video.
• The new-look AAP will employ 85-90 staff, including around 70-75 editorial staff, and management, IT and support personnel.
[…] their intention to shut down AAP, but in June a group of philanthropists and impact investors stepped in to keep it alive. AAP is now operated as a not for profit company dedicated to delivering fast, […]