Morgan emerges as possible AAP buyer

Original article by Leo Shanahan
The Australian – Page: 21 : 23-Mar-20

Roy Morgan’s executive chairman Gary Morgan has expressed interest in buying the whole of Australian Associated Press, but only if the news wire service is a "viable business proposition". Morgan notes that AAP would have to be a "a very different company" without Nine Entertainment and News Corp Australia as customers, given that they account for about 60 per cent of its revenue. Media reports have indicated that a number of parties have expressed interest in buying some of AAP’s businesses, although CEO Bruce Davidson stresses that a deal may not eventuate. AAP is slated to shut down in June unless a buyer emerges.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, ROY MORGAN LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD

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