A consortium of investors led by former News Corp CEO Peter Tonagh will buy
Australian Associated Press, saving up to 95 jobs
The Australian Associated Press Newswire has been saved at the 11th hour by a consortium of investors and philanthropists led by the former News Corp chief executive Peter Tonagh, saving up to 95 jobs.
The news came three months after staff were told the news agency would close this month after major shareholders Nine Entertainment and News Corp Australia said the 85-year-old institution was unsustainable.