Tuesday, April 7, 2009

AP Cuts Newspaper Rates,
Moves to Protect Web News

The Associated Press unveiled rate cuts on Monday to help member newspapers reeling from declining advertising revenue and said it would sue websites that use its members' articles without permission.

Changes announced by the AP at its annual meeting in San Diego include $35 million in rate assessment reductions for 2010 on top of $30 million it already instituted for 2009.

The 163-year-old newswire service also will allow member newspapers to cancel their membership with one year's notice instead of two, while offering a discount to papers that stay on a two-year cancellation notice.

Jim Kennedy, AP's vice president of strategic planning, said in a telephone interview that AP would have to reduce its costs to compensate for the rate cuts. That includes not filling vacant jobs and possibly buyouts. [Click for MORE]

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