Or resources in the current media environment were too stretched to allow them to do so.
Which is where wires services strengths lie, being places where media outlets are not able to attend.
A big loss if it goes.
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How much are Nine sinking into AAP? Maybe they now see it as a poor business move to share content with their newspaper competitor and would rather spend that money on additional resources that they can share with The Age and SMH. News are likely to be the bigger loser here.
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10 posts were split to a new topic: AAP Closure
AAP closure discussion moved here
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Bruce Gordon’s economic interest in Nine Entertainment is now 17.11%, up from 16.11% in early February, according to a disclosure lodged with the ASX last week.
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As of 2:15pm AEDT, Nine Entertainment Co’s share price is currently at 0.93c, a big fall from when it was at around $2 just less than two months ago! 
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The short-term impact remains limited to date, with Nine’s March quarter FTA (free to air) ad revenues continuing to track close to flat and overall results for the quarter broadly in line with Company expectations
Sounds about right - Q2 and Q3 will be interesting indeed
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I agree, whilst more people will be staying home and watching TV, many businesses will need to cut costs and probably won’t have the funds to advertise on TV.
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Analyst speculation in The Australian that if the troubled Village Roadshow is split up then Nine could be interested in buying their film distribution business, with the cinemas and theme parks being acquired by other parties.
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Nine already has a movie supply deal with the distribution arm of Village Roadshow (Roadshow Entertainment). If Nine buys Roadshow Entertainment it will strengthen its movie library and reduce the company’s reliance on its existing contracts with NBC Universal, Sony, Paramount and MGM, all of which have finite number of years to run.
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This has to be the most constructive post in the history of this forum.
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Would there be any point to this happening if the economy falls??
Some confusion today between NZME and Nine.
https://i.stuff.co.nz/business/300009341/nzx-regulation-contacted-nzme-over-stuff-takeover-statement
NZME is seeking an order that will allow them to buy Stuff from Nine for $1.