Philanthropists save Aussie newswire from closure

Journalists, photographers and staff holding signs in support of AAP staff in Sydney, Australia, on March 3. AAP's rescue comes as the Australian media industry struggles with dwindling revenues. – EPA pic, June 30, 2020.

THE Australian Associated Press has been acquired by a consortium led by philanthropists, saving the newswire from closure at the 11th hour.

The deal was confirmed late yesterday, three months after staff were told AAP would shutter as challenges in the media sector were exacerbated by the economic fallout of the coronavirus pandemic.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.