AP looks to new revenue streams

The Associated Press is lowering membership fees, as its media members face a serious cash crunch in the U.S., but trying to make deals with key Internet suppliers (Googol, AOL, Yahoo and Microsoft). Canadian Press is facing the same crunch, particularly since CanWest dropped out a while ago. CP is looking at a new business model, but so far hasn’t announced anything.

Canoe/AP, June 17 2009

CNN to compete with AP as wire service

CNN is now trying to position itself as a low cost alternative to Associated Press. In these times of extreme cutbacks in US newspapers, some members are complaining about the high costs of AP. In Canada, CanWest withdrew from CP, but CP has enough diversified lines of business that it managed to survive.

The New York Times, Dec. 3 2008