New Zealand Press Association closes ending 131 years of supplying news

New Zealand Press Association closes ending 131 years of supplying news

Dhāka : Bangladesh | Aug 30, 2011 at 11:38 PM PDT
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Rising from the rubble: Editorial

The New Zealand Press Association ceases to exist, bringing an end to 131 years of supplying news to country's print media.

There are reports in the media that 40 journalists will lose their jobs with the closure of NZPA's three offices in Wellington, Auckland and Sydney.

The authorities have decided to close the company as it has been struggling to survive in recent years.

Changes in rules and regulations with regard to media ownership and distribution policies in New Zealand led the NZPA's existence to at stake, which was set up in 1879. It is New Zealand's only independent news agency.

The agency was owned by New Zealand's daily newspaper publishers and supplied national and international news and photos to 26 daily newspapers round the clock.

All the newspapers had to pay a minimum amount as subscription, based on their circulation, to NZPA.

But its future became bleak when Australian media company Fairfax decided not to continue subscriptions.

Australian media companies Fairfax and APN own all but five of New Zealand's daily newspapers.

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hkbadal is based in Dhāka, Dhāka, Bangladesh, and is an Anchor on Allvoices.
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