Law firm Addisons has advised Australian Associated Press (AAP) on the sale of its newswire business to a consortium of investors and philanthropists.
The new-look newswire will continue to provide reporting on breaking and world news, sport, courts and politics, together with images and a fact-checking service, under the leadership of chief executive Emma Cowdroy.
Addisons partner Dale Chapman commented:
“It was initially reported during March 2020 that AAP, a business that has been operating for more than 85 years, would be closed down by July 2020. As a result of this transaction, that outcome has been averted and the future of the AAP Newswire – and its continued contribution to media diversity and independent Australian journalism – is assured. We are proud to have been part of this pivotal transaction, and wish the AAP team all the best for the next chapter in AAP’s story.”Dale Chapman, Partner, Addisons
The Addisons team comprised partner Dale Chapman, special counsel Geri du Plessis and solicitor Jai Clark with support from colleagues in specialist practice areas.