So News and Nine are keeping Medianet, Mediaverse, AAP Directories, Pagemasters and the racing listings service. Presumably because they are profitable?
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Statement from Media, Entertainment and Arts Alliance
The proposed purchase of AAP Newswire announced this afternoon is a crucial recognition of the vital role AAP plays in the Australian media ecosystem, says MEAA, the union for Australiaâs journalists.
MEAA Media section federal president Marcus Strom said: âThe proposed purchase will see the retention of up to 75 editorial jobs that just a week ago looked to be lost. Unfortunately, this change of ownership as a result of the decision of Nine Entertainment Co. and News Corp to no longer use AAPâs services will still lead to a loss of a number of jobs.
âAAP plays a very necessary role in news coverage for all Australians. Had we lost AAP, then we would all be the poorer. AAP Newswire provides journalism coverage in the areas that the other major news outlets either cannot or choose not to. Without it, our communities would be less informed and vital stories â from the courts to sports, images and breaking news plus many other areas â would not be told.
âMEAA said that it was short-sighted for AAPâs major shareholders to not fully appreciate the importance and value of the business they had owned for decades. It is fortunate that there were others who did recognise AAPâs worth which has led to todayâs announcement,â Strom said.
âMEAA will be consulting with our members and will seek a meeting with the consortiumâs management team to discuss the transition process so that we can continue to look after the interests of all our members across the AAP business,â he said.
According to Mumbrella, the impact consortium also includes around a dozen parties including Samuel Terry Asset Management managing director Fred Woollard, Australian Impact Investments managing director Kylie Charlton.
And because theyâd leave a hole in their content if it didnât continue or be provided at an external cost.
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Thanks @JohnsonTV for all the articles contributed.
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Nine getting 47c for AAP and $1 Stuff. ACM was sold for peanuts in comparison to what its predecessor Rural Press was acquired for. It means that the commentators who said that Nine overpaid for Fairfax are having their opinions confirmed, as essentially all they got was the SMH, Age, AFR, 50% of Stan, and majority ownership of Macquarie Radio.
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was, dare I say, what Nine wanted most
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AAP editor in chief Tony Gillies announced today he would step down at the end of July, just as the new owners take control of the newswire service.
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The SMH is a bit behind there. It started last week.
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Confirmed: the new AAP starts in August.
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Redundancies coming out of the AAP.
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Great gesture by AFL team Greater Western Sydney on Thursday to farewell veteran reporter Adrian Warren, who is leaving AAP on July 31, after 34 years with the newswire. Warren had been reporting on GWS since it entered the competition in 2012.
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The Sydney Swans paid their own tribute to Adrian Warren this afternoon, with coach John Longmire presenting Warren with a guernsey signed by every player in the team, during the weekly press conference outside the SCG.
A couple of days later, Tony Gillies wrote his final article for AAP and paid tribute to more than 80 staff who were leaving the company on the same day as him.
(Tony Gillies is the husband of The Morning Show co-host Kylie Gillies)
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AAP has set up a Go Fund Me Page
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