(Bloomberg) -- Australian Associated Press, the newswire that's been an enduring and crucial part of the nation's media landscape for more than 80 years, is closing.
The company, owned by News Corp., Nine Entertainment Co. and other media outlets, said subscriptions had dwindled amid increased competition from digital platforms.
AAP's newswire, renowned for its fast, accurate and comprehensive coverage of national affairs, will shutter in June, while its Pagemasters editorial production service will close in August. Its press release distribution business Medianet will be offered for sale, according to a statement Tuesday.
To contact the reporter on this story: Edward Johnson in Sydney at ejohnson28@bloomberg.net
To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net
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