![With reports that Formula One race organisers are considering scrapping or relocating several Middle Eastern races this year due to heightened security concerns, the events industry is once again confronting the reality of operating in an unpredictable world (Image source: @ Scuderia Ferrari Club https://sfcriga.com/ Scuderia Ferrari Club]])](https://biz-file.com/c/2603/806699-64x64.jpg?1)
Top stories
![The damage to Tesla’s brand value by Elon Musk's actions exceeded Brand Finance’s initial predictions (Image source: @ Equilar https://www.equilar.com/ Equilar]])](https://biz-file.com/c/2603/806661-300x156.png?2)
Marketing & MediaCMOs must bridge the gap between the spreadsheet and the story… or become extinct
Pieter Geyser 3 days
Australian Associated Press to close after 85 years
#NEWSWATCH: The Australian Associated Press news agency, which has operated since 1935, has announced that it will be closing on 26 June.
Image source: AAP Facebook.
The news comes after major shareholders Nine Entertainment and News Corp Australia said the 85-year-old institution was unsustainable, resulting in about 500 job losses.
Campbell Reid, AAP’s chairman and News Corp’s group executive for corporate affairs told staff at a meeting in the Sydney newsroom: “It is a great loss that professional and researched information provided by AAP is being substituted with the unresearched and often inaccurate information that masquerades as real news on the digital platforms.”
For more:
