AP Revenue Declines Slow In 2011
Revenue dropped to $627.6 million last year from $630.5 million in 2010, the not-for-profit news cooperative said at its annual meeting on Tuesday. Before taxes, AP lost $23 million, compared with $22.5 million in 2010. AP Chief Financial Officer Ken Dale said he was encouraged that the revenue declines had slowed: “We feel good about the year in 2011.”
The Associated Press said late Wednesday that Gary Pruitt, the chairman, president and CEO of The McClatchy Co., would be its next chief executive, succeeding Tom Curley, who is retiring after leading the news organization for nine years.
Outgoing Asoociated Press chief Tom Curley on the news organization getting paid for content: “To get the Internet companies to pay fair value, that was challenge No 1, and to some extent it still is. … We are at a point where we need to step up again and show folk that you just can’t run off with the entire wire.”
Tom Curley, president and CEO of The Associated Press since 2003, will step down this year, AP announced today. The search for a successor has been launched by the AP board of directors.
Exclusives
PYONGYANG, North Korea (AP) – The Associated Press has opened its newest bureau here, becoming the first international news organization with a full-time presence to cover news from North Korea […]
The Associated Press, The New York Times Co., The Washington Post Co. and 26 other news organizations have launched NewsRight, a joint venture to track the unpaid use of stories.
Carvin will lead the AP’s ongoing social media efforts, coordinating with all national and international regions, verticals and formats.
As part of its multimillion-dollar upgrade, the AP is transforming its video business by switching its entire newsgathering, production and distribution systems to HD, with completion expected by the second quarter of 2012 in time for the London Olympics in July and the U.S. presidential elections in November.
Chyron and ENPS today announced a new partnership through which Chyron’s CAMIO asset management server and Axis World Graphics products now seamlessly integrate with ENPS workflows for Web and mobile […]
The Associated Press today announced agreements with the Korea Central News Agency, including one to open an AP news bureau in Pyongyang. Leaders of the two news organizations held discussions […]
Darren Long, a London-based media professional, has been named to the post of video integration manager for The Associated Press. Long’s appointment is the latest tied to AP’s multimillion-dollar upgrade of its newsgathering infrastructure to provide high-definition images to the broadcast and digital industries.
Darren Long, a London-based media professional, has been named to the post of video integration manager for The Associated Press, a new position. It’s the latest appointment tied to AP’s […]
David Westin, the former ABC News president, is tapped as president-CEO of the News Licensing Group, the new organization created by the Associated Press to license original news content to digital communications products and services.
The Associated Press will offer high-definition live television to its customers for the first time as part of its multiplatform coverage of the royal wedding of Prince William and Kate […]
A New Jersey video production company whose surveillance cameras captured the bombing of the military recruiter’s station in Times Square in 2008 is suing the Associated Press for selling the footage to other media outlets.
The Associated Press is “broadening its range of video services” as part of a long-term global digital transformation strategy, announcing today the transition of its hosted online video operation in […]
The collaboration is designed to put AP at the forefront of news agencies offering celebrity video footage.
The news provider is making a $30 million digital upgrade that will let it provide high-definition video to TV station and Web clients.
