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AAP closure: competition watchdog says it is monitoring newswire's demise

AAP closure: competition watchdog says it is monitoring newswire's demise

The competition watchdog says it is monitoring the planned closure of Australian Associated Press for “potential issues” as the Australian media industry scrambles to ready itself for life without the 85-year-old newswire. It is understood the Australian Competition and Consumer Commission has the ability to look into the transaction because as well

AAP closure triggers media stoush

AAP closure triggers media stoush

March 3, 2020. Australian Associated Press chief executive Bruce Davidson speaks to reporters in Sydney after it was announced the domestic news agency will close. 'Our shareholders News and Nine have made a decision our business is not viable long term,' Mr Davidson says. 'This is a financial outcome of the disruption that all media are facing

Call to save AAP by bringing in new investors was rejected by shareholders, staff told

Call to save AAP by bringing in new investors was rejected by shareholders, staff told

Australian Associated Press staff were told that chief executive Bruce Davidson “suggested bringing in new investors to save the wire” but the idea was rejected by shareholders, the service’s Melbourne chief of staff said . Kaitlyn Offer said the remarks were made on Wednesday, when Davidson and AAP chairman Campbell Reid, who is also an executive

News Corp and Nine did not want to subsidise news service for competitors, AAP staff told

News Corp and Nine did not want to subsidise news service for competitors, AAP staff told

Staff of newswire Australian Associated Press , which will be shuttered in June, were told that major shareholders Nine Entertainment and News Corp said they no longer wanted to subsidise a breaking news service for their competitors. The AAP chairman, Campbell Reid, who is also a News Corp executive, and AAP chief executive, Bruce Davidson, addressed

More than 50 AAP reporters likely to be offered jobs at News Corp and Nine amid closure

More than 50 AAP reporters likely to be offered jobs at News Corp and Nine amid closure

More than 50 Australian Associated Press journalists are likely to be offered jobs at News Corp Australia and Nine Entertainment as the two media giants look to boost staff ranks after pulling their millions out of the wire agency. Announcing the imminent closure of the service in June, the AAP chief executive, Bruce Davidson, told staff there was

Global tech giants put media jobs at risk

Global tech giants put media jobs at risk

Hundreds of jobs are expected to be cut as the Australia Associated Press (AAP) closes its doors after 85 years of business. Owners said the newswire service - which supplied copying, sub-editing and photography to newsrooms across the country - was no longer viable due to the increase in free online content producers such as Google and Facebook. The

Why AAP's closure is a brutal hit to Australia's concentrated media market

Why AAP's closure is a brutal hit to Australia's concentrated media market

Wires agency Australian Associated Press announced yesterday they will close in June, with 180 jobs being lost. A lot of people are outraged. What is a wires agency? A wires agency is a behind-the-scenes outlet that keeps the newspapers you read each day ticking over. Like any standard newspaper, they employ a team of reporters and photojournalists

Major job cuts expected as AAP closes its doors

Major job cuts expected as AAP closes its doors

Hundreds of jobs are expected to be cut as the Australia Associated Press (AAP) closes its doors after 85 years of business. Owners said the newswire service - which supplied copying, sub-editing and photography to newsrooms across the country - was no longer viable due to the increase in free online content producers such as Google and Facebook