National news agency Australian Associated Press announced today that it is closing after 85 years. AAP chairman Campbell Reid described the newswires as Australian “journalism’s first responder,” The Australian reported. Australian Associated Press's Pagemasters editorial production service will also close at the end of August, he said. AAP is owned by Australian news organizations News Corp. Australia, Nine Entertainment Co., Seven West Media and Australian Community Media. Australian media organizations are under mounting financial pressure with global digital giants Google and Facebook taking a growing chunk of advertising revenue.-AP/The Standard

Source: The Standard March 03, 2020 03:33 UTC