Australian Associated Press will put its redundancy process on hold after receiving a number of approaches from parties interested in acquiring the newswire's entire operations.
"I understand that this development creates more uncertainty for all of you, and I apologise for adding yet another level of complexity in this difficult time. We have written to all of the parties who have expressed interest in AAP to initiate the information sharing process, and expect this to be completed in 14-21 days," he said.
Major shareholders Nine Entertainment Co, owner of this masthead, and News Corp severed their longstanding partnership with AAP because the business was no longer financially viable. The pair, which together contribute more than $10 million to AAP, are separately considering developing their own newswires.
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