AAP flying into fresh financial turbulence
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Regional media owner Antony Catalano says the embattled national newswire AAP is “doomed” and is reconsidering his contract, just weeks after the end of a non-compete period that prevented News Corp Australia from poaching AAP’s clients.
The AAP newswire, which nearly collapsed last February because it was losing large amounts of money and lost the support of its shareholders, is trying to sign new deals with media companies and is asking the government for an annual payment to shore up funding.