NZPA likely to close down
The New Zealand Press Association is to close after more than 130 years supplying news to the country's newspapers.
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The New Zealand Press Association (NZPA) is to likely to close after over 130 years supplying news to the country's newspapers and other media.
NZPA held a meeting at its Wellington offices today to inform staff the association was under review. A final decision is expected at the end of the month.
Around 40 people will lose their jobs as NZPA winds down in the next four to six months.
NZPA began in 1879 and on its website today it boasts of sending out a thousand pieces of information every 24 hours from stock exchange reports to news pieces and international wire agencies stories.
It is owned by the publishers of New Zealand's daily newspapers, Australian companies APN (which holds a 40% stake) and Fairfax (60%).
NBR's understanding is that Fairfax wanted to close the association.
NBR staff
Wed, 06 Apr 2011
Wed, 06 Apr 2011
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NZPA likely to close down
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