Wilson one of AAP’s mystery investors

Original article by Max Mason
The Australian Financial Review – Page: 18 : 7-Jul-20

Wilson Asset Management founder Geoff Wilson is a member of the consortium that has acquired the newswire business of Australian Associated Press. Wilson has stressed that he contributed to the consortium via a privately-owned entity rather than any of his listed companies. The 35-member consortium finalised the deal in late June, and will formally take control of the business on 1 August.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, WILSON ASSET MANAGEMENT

AAP enters final stages of sale, will continue to operate but says some jobs will be lost

Original article by Hannah Blackiston
Mumbrella – Page: Online : 9-Jun-20

A consortium of investors and philanthropists headed by former News Corp Australia CEO Peter Tonagh is set to acquire the newswire business of Australian Associated Press. The consortium has commenced negotiations with AAP for a binding sale contract, and the deal is expected to be finalised by mid-June. The Media, Entertainment & Arts Alliance has welcomed the deal to sell the AAP Newswire business, but notes that it will result in the loss of some jobs. The consortium will retain 85-90 jobs, including at least 70 editorial staff. AAP’s existing shareholders will retain the other parts of its business.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

AAP bid: consumer watchdog warns Nine and News Corp against any attempt to block sale

Original article by Paul Smee
The Guardian – Page: Online : 25-May-20

Former News Corp CEO Peter Tonagh is heading a consortium that has tabled a bid for Australian Associated Press. The consortium also includes Samuel Terry Asset Management MD Fred Woollard and Australian Impact Investments MD Kylie Charlton. It is believed that AAP’s shareholders – News Corporation, Seven West Media and Nine – have yet to accept any offer for the news wire service. Australian Competition & Consumer Commission chairman Rod Sims has stressed the importance of AAP to media diversity and competition, and he warns that any attempt by Nine and News to block its would raise concerns in regard to competition law.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

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

Guardian hypocrisy over AAP shutdown

Original article by Lilly Vitorovich, David Swan
The Australian – Page: 3 : 6-Mar-20

Australian Associated Press chairman Campbell Reid has accused UK-based media company The Guardian of hypocrisy. A report in ‘The Guardian’ claimed that AAP is being closed down to harm small media organisations, but Reid notes that The Guardian had slashed its annual payment to the newswire company. Meanwhile, Australian Competition & Consumer Commission chairman Rod Sims says it is examining the impact that AAP’s closure will have on the Australian media landscape; Sims has described AAP’s closure as a "very sad development".

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, THE GUARDIAN AND MANCHESTER EVENING NEWS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

AAP demise a wake-up call over digital giants

Original article by Jennifer Dudley Nicholson
The Australian – Page: 4 : 5-Mar-20

Australian Associated Press chairman Campbell Reid says the newswire service’s impending closure shows that the impact of digital platforms on traditional media companies has reached a tipping point. He warns that there will be more casualties in the media sector unless digital platforms are forced to pay for news publishers’ content. The Media Entertainment & Arts Alliance has criticised the federal government for failing to act on key recommendations of a landmark inquiry into digital platforms.

CORPORATES
AUSTRALIAN ASSOCIATED PRESS PTY LTD, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Unjust ABC ‘stealing our markets’

Original article by Darren Davidson
The Australian – Page: 2 : 1-Aug-17

Australian Associated Press CEO Bruce Davidson is the latest media industry executive to criticise the ABC’s push to gain content deals in the corporate sector. The public broadcaster recently secured a deal to replace AAP as the provider of syndicated news feeds to outdoor advertising group oOh!media. Davidson says AAP may have to retrench staff if it continues to lose contracts to the ABC. Meanwhile, One Nation has called for the ABC to increase the amount of content it produces that is aimed at regional and rural audiences.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIAN ASSOCIATED PRESS PTY LTD, OOH!MEDIA LIMITED – ASX OML, ONE NATION PARTY, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, SPECIAL BROADCASTING SERVICE (SBS), SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, FOXTEL MANAGEMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS