By Max Mason
Prominent fund manager Geoff Wilson is among the 35 investors who tipped money into the impact-investing consortium that bought the Australian Associated Press newswire, successfully saving it from closure.
The Wilson Asset Management founder confirmed to The Australian Financial Review he had been pitched to invest by consortium lead Nick Harrington, and was more than happy to chip in via an entity he personally owns 100 per cent of, not the listed investment company of which he is chairman.
“Media plays a crucial role in society. AAP contributes to the independence, objectivity and diversity in Australian journalism, and I am happy to be involved,” Mr Wilson said.
Mr Wilson declined to comment on how much he put into the consortium.
Read more in the Australian Financial Review.