"We're not a newspaper company and we haven't been for quite some time. Big newspapers now only make up 10% of the organization's income, which has fallen by 25% over the past four years."
"The AP is not in trouble...We're making these changes from a position of strength but we're doing so now to recognize our changing customer base."
"Lately, the AP has been looking to tech companies for revenue, with revenue from such deals growing by 200% over the last four years."
The Associated Press, founded in 1846, is transitioning away from its newspaper roots by offering buyouts to U.S. journalists. This change is driven by a significant decline in revenue from newspapers, which now account for only 10% of income. The AP aims to enhance its visual journalism and explore new revenue streams, particularly through partnerships with tech companies. Executive editor Julie Pace emphasized that the organization is adapting to a changing customer base while maintaining a presence in all 50 states.
Read at Nieman Lab
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