New Zealand Press Association Closes
Tuesday, 30 August 2011
The BBC reports: The New Zealand Press Association is closing, ending 131 years of supplying news to the country's print media. The company struggled in recent years as media ownership and distribution in New Zealand changed.
Forty journalists will lose their jobs with the closure of offices in Wellington, Auckland and Sydney.
Deputy Editor Greg Tourelle said it was a sad day, but New Zealand media remained a competitive industry.
NZPA was set up in 1879 and was New Zealand's only independent news agency. It was owned by New Zealand's daily newspaper publishers and supplied the 26 daily newspapers with a 24-hour national and international news service and news images.
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