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Tech & Science AAP to progress talks, delays bidding process

02:41  10 april  2020
02:41  10 april  2020 Source:   theage.com.au

Aust, Dutch holding MH17 talks with Russia

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" AAP does not wish to delay a decision on these approaches any longer than necessary, but given the Easter timing we will allow some additional time before The deadline for bids , which was April 9, has now been pushed back. After an assessment by TMT Partners, the AAP Board will meet on Thursday

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Group Executive Corporate Affairs Policy and Government Relations at News Corp Australia Campbell Reid and Chief Executive Officer of Australian Associated Press (AAP) Bruce Davidson make an announcement at AAP head office in Sydney, Tuesday, March 3, 2020. (AAP Image/Dylan Coker) © (AAP Image/Dylan Coker) Group Executive Corporate Affairs Policy and Government Relations at News Corp Australia Campbell Reid and Chief Executive Officer of Australian Associated Press (AAP) Bruce Davidson make an announcement at AAP head office in Sydney, Tuesday, March 3, 2020. (AAP Image/Dylan Coker)

Australian Associated Press has received one expression of interest from a prospective buyer and will progress talks to assess whether there is a chance of saving the business.

Chief executive Bruce Davidson said in a note to staff on Thursday evening that a single proposal to buy the business had been submitted and that he was waiting on a second proposal later that evening.

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EU ministers delay the resumption of Turkey's EU membership talks , as Turkish police detain at least 20 more protesters. EU foreign ministers have backed a German proposal to postpone further EU membership talks with Turkey for about four months.

"To say we live in uncertain times would be an understatement, and at AAP we continue to live under the twin clouds of coronavirus and a lack of certainty about our future," Mr Davidson said.

"AAP does not wish to delay a decision on these approaches any longer than necessary, but given the Easter timing, we will allow some additional time before moving to the next stage.

"While we all want certainty, we also need to ensure we explore any possibility or option of maintaining the agency."

Mr Davidson said video conferences with two parties has occurred this week, during which information about the business had been provided. A third party has asked for further talks with adviser TMT Partners next week, which the company has agreed to. The deadline for bids, which was April 9, has now been pushed back. After an assessment by TMT Partners, the AAP Board will meet on Thursday to assess all prospective buyers.

KSC talks openly about bankruptcy - self-administered

 KSC talks openly about bankruptcy - self-administered Meanwhile, the financially stricken second division club Karlsruher SC is openly considering possible bankruptcy. "We already had a backpack from the past, that is perfectly clear, especially from the two third league years," Managing Director Michael Becker told dpa. © imago images KSC Managing Director Michael Becker informs openly about the consequences of a possible insolvency procedure. The club wanted to solve this at least partially by selling shares.

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AAP put its redundancy process and plans for closure on hold last month after receiving a number of approaches from parties interested in acquiring its operations. The Sydney Morning Herald and The Age revealed in February that AAP's major shareholders Nine Entertainment and News Corp had decided to close the 85-year-old organisation to save costs, a decision affecting about 600 employees. Nine is the publisher of this masthead.

Interested parties, which included talent manager Glenn Wheatley, were last week supplied with financial information about the business, which includes the AAP newswire, Pagemasters subediting service and contacts database Medianet.

Despite the interest, some employees decided to progress with redundancies.

Before fielding inquiries, Mr Davidson confirmed plans to establish a new private business that would include AAP's fact-checking division and parts of its editorial services arm Pagemasters.

He had also held talks with private investors including stockbroker John Murray but they did not amount to a deal. Those plans have been put on hold.

Meanwhile, AAP subscribers including Daily Mail, Guardian Australia and Verizon Media have been in discussions about pooling resources and forming journalism partnerships that could replace the newswire when it closes in June.

The UN will finally be able to pay for 2019 peacekeeping operations .
© REUTERS / Olivia Acland Monusco peacekeepers patrol the streets of Goma, DRC, March 19, 2020, during the coronavirus epidemic . At the UN, bad payers must go to the cashier. And quick ! Especially in these times of global pandemic. The United Nations is alerting member states to delays in contributing to the budget for world peacekeeping operations. The UN may find it difficult to reimburse troop-contributing countries.

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