Some newspapers are getting frustrated by The Associated Press, as the 162-year-old newsgathering cooperative increasingly focuses on new outlets such as Yahoo and Google, which are now among the AP’s biggest customers.
“For some editors, the AP’s strategy, coupled with its high prices, amounts to a betrayal at a time when the industry is under threat,” The Wall Street Journal reports.
Today, U.S. broadcasters and Internet companies together account for more of the AP’s revenue than U.S. newspapers do. While the AP’s 1,500 member newspapers still own the organization — other media outlets are associate members or have no membership stakes at all — they account for only 27% of AP revenue, down from more than 50% in the mid-1980s. The new customers have also helped nearly triple the AP’s revenue over the past two decades, from about $250 million in 1987 to more than $710 million last year.