Consortium of investors say saving as many jobs as possible is integral for Australia’s media diversity, as reports circulate that half of journalists could be culled
Jobs cuts appear likely at a pared-back
Australian Associated Press focused on its fundamental newswire service, if a consortium of investors and philanthropists is able to save the newswire from closure next month.
But Peter Tonagh, the former News Corp chief executive who is leading the consortium, said the group was concerned with saving as many jobs as possible to help preserve diversity in Australia’s media market, already one of the most concentrated in the
Democratic world.