AAP enters final stages of sale, will continue to operate but says some jobs will be lost
The AAP has found a new owner for its Newswire business, with Peter Tonagh and a consortium entering the final stages of ownership for the operation.
Although both Tonagh and AAP CEO Bruce Davidson say the sale will be a good thing for the future of independent reporting in Australia, there will be job losses associated with the new ownership.
The AAP has potentially been saved by a new deal
Great news about AAP. With so many journalists losing their jobs as news outlets close, the country needs a valued news service like AAP more than ever.
It covers all major news and its presence will be a continuing boost to news coverage.
Great news, and please stay independent and factual!
That is such great news. So glad this very important independent news source is able to continue to support our democracy.
Let’s see how this goes. AAP is absolutely vital to regional papers and a lot of thinly funded news sites, like The Guardian. Those businesses will have to pay if they want to keep a decent service, since most don’t employ many reporters. I doubt that Catalano and Co care much, so they might happily buy a cheap bundle from News Ltd, full of its usual news priorities. Which is bad news for people in Newcastle, Canberra etc.
It will be interesting to see whether Tonagh would challenge his former boss, Murdoch.