AAP chair slams union for ‘conspiracy theory nonsense’, and says Guardian contributed to newswire’s closure

Australian Associated Press (AAP) chair and News Corp executive, Campbell Reid, has claimed the journalists’ union is peddling “conspiracy theory nonsense” and accused The Guardian of “gobsmacking hypocrisy” for making “decisions [that] have contributed to the closure of AAP”.

Yesterday, The Guardian, an AAP subscriber, reported that the newswire’s staff were told major shareholders News Corp and Nine no longer wanted to subsidise the service for subscription-paying competitors. AAP investment was costing the media owners around $10m and $5m, respectively, per year. Upon its closure, both Nine and News Corp have said they will instead expand their own news teams.

Campbell Reid, both the AAP’s chair and a News Corp executive

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.