Australia's only official news agency has announced that it will be closed 85 years after its founding, as workers were told Tuesday that their jobs would end in June. ...
The announcement of the Australian Associated Press (AP) was announced during a meeting with employees at the agency's headquarters in Sydney, where its chief executive, Bruce Davidson, was described today sad.
"The AP has been an essential part of the press in Australia since 1935, and it's a matter of sorrow that it comes to an end," Davidson said.
The agency will close its doors at the end of June, while the editorial company "Pigeon Masters" attached to it will close at the end of August.
A statement issued by the agency attributed the closure to the "unprecedented impact" of digital platforms that take the content and distribute it for free.
"We have reached a point where we can no longer continue," the statement added.
The employees were informed that between 30 and 50 jobs will be created in Nine and News Corp. Australia, among the company's major shareholders.
About 180 people work in the Editorial Department of the Australian Agency.