Australia loses its press agency. Founded in 1935, the Australian Associated Press (AAP) will stop sending dispatches and feeding its photo and video feed from June 26. The agency had 200 clients, including the Australian versions of the Daily Mail and the Guardian , and employed 600 people, including 180 journalists and 200 freelance photographers.
The fatal blow was dealt by the largest print media groups on the island continent, News Corp and Nine Entertainment. Main shareholders of AAP, each with 44.7% of the capital, the two behemoths decided on Tuesday to end the activities of the agency, to which they paid each year the equivalent of 9 million euros in the form of subscriptions .
Nine Entertainment, whose profits have fallen 9% in the past six months, is cutting costs wherever possible. His subscriptions to the AAP were not deemed essential to feed his publications, such as the Sun Herald or the Sydney Morning Herald . He is not the only one
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