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Australian propaganda fags (Australian Associated Press) out of business
AAP newswire service closes after 85 years with 500 job losses, blames free online content
>After 85 years of operation, national news agency Australian Associated Press (AAP) will close its doors, with about 500 job losses at the newswire service.
>Key points:
>AAP will close its doors after 85 years in operation as major shareholders decide to pull the plug on the newswire service
>AAP is owned by Nine, News Corp Australia, The West Australian and Australian Community Media.
>Media companies all around the world have faced disruption amid falling revenues
>AAP, which is owned by a number of major news outlets, provides a range of services to media companies including newswires, subediting and photography.
>AAP is owned by Nine, News Corp Australia, The West Australian and Australian Community Media.
>Chief executive Bruce Davidson on Tuesday said the business was no longer viable in the face of increasing free online content.
>The service will close on June 26.
>AAP's Pagemasters editorial production service will also close at the end of August.
>"The shareholders of AAP have decided to close the operation," Mr Davidson said.
>"This decision has been made with very heavy hearts. It's been made on an economic and financial basis."
>"It certainly has little to do, in some ways, with the quality, the accuracy the speed and heritage of the AAP news operation over many, many years."
https://www.abc.net.au/news/2020-03-03/aap-newswire-closes-after-85-years/12020770