US EditionAP says it will offer buyouts as part of pivot away from newspaper journalism
The newsroom said the shift follows a 25% drop in newspaper revenue and a 200% rise in technology-company revenue over four years.
- On Monday, The Associated Press announced it is offering buyouts to an unspecified number of U.S.-based journalists, accelerating its shift away from the newspaper focus that sustained the organization for more than one century.
- Revenue from newspapers declined by 25% over the past four years, with big newspaper companies now accounting for just 10% of the organization's income. This financial pressure prompted the strategic pivot.
- The company reported 200% growth in income from technology companies over the last four years through licensing deals with OpenAI, Google, and Snowflake Marketplace, diversifying revenue beyond traditional news distribution.
- Executive Editor Julie Pace stated the organization aims to reduce global staff by less than 5%, noting the buyout plan was prepared before Lee Enterprises sought an early exit from its service contract.
- Despite structural changes, the organization remains committed to maintaining a presence in all 50 states while expanding visual journalism and data-licensing divisions to sustain its news standards amid industry transformation.
54 Articles
54 Articles
The main changes will affect the news team in the United States and parts of other editorial departments.
AP says it's offering buyouts to US-based journalists
The Associated Press, one of the world's oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their…
The Associated Press Offers Buyouts
The Associated Press said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspaper journalism that sustained the company since the mid-1800s. The news organization is becoming more focused on visual journalism and developing new revenue sources, particularly through companies investing […]
Associated Press starts offering buyouts to newspaper journalists amid wider AI transformation
The Associated Press, one of the world’s oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s. The News Media Guild, the union that represents AP journalists, said more than 120 staff members received buyout offers on Monday. The…
Associated Press cutting dozens of staffers
The Associated Press is planning to cut dozens of positions as part of a broader restructuring of the media company, The Hill confirmed Monday. “Even though we’ve evolved in the U.S. over the past few years, too much of our operations are still tied to large U.S. newspaper groups, who make up less than 10%…
AP Announces Pivot Away From Print Journalism and Newspaper-Focused History - Bucks County Beacon
The Associated Press, one of the world’s oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s. The News Media Guild, the union that represents AP journalists, said more than 120 of the staff members it represents received buyout …
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