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Australia’s National News Agency To Survive With New Owners

Y2kTheNewOldies

Y2kTheNewOldies

https://tvnewscheck.com/article/mor...ional-news-agency-to-survive-with-new-owners/

SYDNEY (AP) — Australia’s national news agency will continue with new owners, the board confirmed Friday, just weeks before it was due to be shut down. But the agency will be slimmed down, with only about half the former number of staff.

The Australian Associated Press board said an agreement with a consortium of investors and philanthropists led by Peter Tonagh is in the final stages of negotiation. The agreement covers AAP’s news division but not other parts of the group.

The newswire was due to close in late June. It will now continue operating as AAP and provide breaking news, public interest journalism, sports coverage and news photography.
Click to expand...
 
Much of America's news media, especially print, is going non-profit, and asking for donations.
Seems there is little demand for honest journalism any more. People are more interested in tabloid entertainment.
 
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