New Zealand Press Association closes after 131 years

The New Zealand Press Association is closing, ending 131 years of supplying news to the country's print media.



The company struggled in recent years as media ownership and distribution in New Zealand changed.



Forty journalists will lose their jobs with the closure of offices in Wellington, Auckland and Sydney.



Deputy Editor Greg Tourelle said it was a sad day, but New Zealand media remained a competitive industry.



The New Zealand Press Association was set up in 1879 and was New Zealand's only independent news agency.