A deal to rescue the Australian Associated Press newswire is expected to be finalised by the middle of this week.
The sale of the newswire, first revealed by The Australian Financial Review earlier in June, to a consortium led by former News Corp Australia and Foxtel chief executive Peter Tonagh will end months of uncertainty for AAP staff following an announcement on March 3 that the 85-year-old service would close. Potential buyers made themselves known by mid-March.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
