AAP receives fresh government funds
By Jonas Lopez in Media News on Tuesday, 22nd September 2020 at 11:28amThe Australian Associated Press (AAP) has received a new cash grant from the federal government, totaling $5m.
AAP CEO Emma Cowdroy said the money, allotted under the Public Interest News Gathering program, is programmed to support the company’s operations, especially with uncertainties under the pandemic. The cash grant is covered under a funding agreement enacted with the AAP’s acquisition by an impact investment team led by Peter Tonagh.
At the time of the announcement, the AAP was running a GoFundMe campaign with around $120K raised so far and aiming for $500K.
“The Covid-19 pandemic has triggered unprecedented challenges for Australia’s regional media sector, with severe declines in advertising revenue threatening the sustainability of many news outlets. The...
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