Associated Press Feels the Pinch of the Bad Economy
By Paul Bedard, Washington Whispers.
Newspapers, magazines, TV networks, and now, even the Associated Press is feeling the tight pinch of the recession and advertising stall. Long considered by reporters as a safe haven from the economic seesaw of local markets, the AP has cut the price it charges newspapers by $30 million. But that might not be enough for some. Scripps Howard, which has 17 newspapers and a Washington bureau, is in money talks with AP. "We are a member in good standing of the AP as of today," says spokesman Tim King. "I can't tell you what the future holds for the relationship because we are continuing our discussions with them concerning pricing."
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Reader Comments
Press, TV and AP
Maybe their revenues will go back up when they learn that people demand the truth from news - not gloriifed stating how great a candidate is when running in an election campaign.
No checking of the facts, no checking of associates, just out right lies to the public. Then trying to destroy a woman who they all thought would derail their wonder boy. Now they wonder why the public stopped supporting them.
Yellow Journalism
It is no surprise that the AP is in financial trouble.
Every (so-called) media outlet that blatantly supported Mr. Obama is losing money and will continue to do so until and if they return to NEWS REPORTING and keep theur opunions oout of their rags.
Witness AIR AMERICA and the ratings for MSNBC!
God Bless America.
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