The dpa Deutsche Presse-Agentur GmbH, Hamburg, has increased its shares in the London financial news agency Alliance News Ltd from around 3.9 to 10.7 percent. At the same time, the national British news agency PA Media Group, London, increased its shares to the same extent, so that the two news agencies now hold around 21 percent of the company. Both companies are represented on the company’s board of directors.
Tom Waite, founder and managing director of Alliance News, describes the strengthened connection with dpa and PA Media as an important step. “It is great that dpa and PA are expanding their involvement in our company and their involvement in our future direction in this crucial phase of our development. We are increasingly working with dpa and its two financial news agency investments dpa-AFX in Frankfurt and AWP in Zurich, to expand our global financial reporting.”
The dpa has held shares in Alliance News since 2017. Peter Kropsch, CEO of the dpa Group, emphasizes: “We are very satisfied with the development of our investment. Alliance News has developed very well and fits perfectly with the activities of the dpa Group in the market for financial information. We are pleased to have Alliance News and to support their management in product innovations and in opening up new markets.”
Emily Shelley, chief executive of PA Media Group, added: “Business and financial news will continue to be an essential part of the news agenda – especially as businesses in the UK, Europe and elsewhere operate under the pressure of political and economic change. Alliance News has is well positioned as a provider of information for decision-makers and, like PA Media, offers timely and reliable journalism.”
About dpa:
The German Press Agency (dpa) was founded in 1949 and is one of the world’s leading independent news agencies. dpa supplies media, companies and organizations with editorial offers. This includes texts, photos, videos, graphics, radio reports and other formats. As an internationally active agency, dpa reports in seven languages. Around 1,000 journalists work from around 140 locations at home and abroad. dpa’s shareholders include around 170 German media companies. The dpa editorial team works according to the principles set out in the dpa statute: independent of worldviews, commercial companies or governments. The central editorial office, headed by editor-in-chief Sven Gösmann, is located in Berlin. The management around its chairman Peter Kropsch works at the company headquarters in Hamburg. The chairman of the supervisory board is Daniel Schöningh (CEO Ippen-Mediengruppe, Munich).
More under www.dpa.com (German, English, Spanish, Arabic)
About Alliance News:
Founded in 2013, Alliance News positioned itself with independent, fast and reliable reporting on every London listed company, combined with the world’s most important business and political news for the investor target group. In 2017, Alliance News launched its Italian service, offering the same comprehensive coverage of all Milan-listed companies in Italian. This was followed by the South Africa service in 2018 and the Global 500 service in 2019. Alliance News is available through a variety of leading market data providers, content aggregation platforms and investor information websites in the US, UK, Italy and other countries.
More under www.alliancenews.com
About PA Media Group:
PA Media Group comprises a diverse portfolio of specialist media companies operating in news and information, technology and communications services. Its flagship, PA Media, is the UK and Ireland’s national news agency. In addition to PA Media, the group is also the parent company of the picture agency Alamy, the communications and technology service providers Globelynx, Sticky, Hydrogen, StreamAMG, PA TV Metadata, PA Mediapoint and PA Media Academy. There are also betting information services from PA Betting Services and iRace. PA Media Group is owned by 20 shareholders, mainly British news and media companies.
More under http://www.pamediagroup.com