Jeff JarvisNewspapers--now only 10% of AP revenue--have been dropping the service as the AP turns to AI and prediction markets. News is commodified. Mass media are dying.
AP says it will offer buyouts as part of pivot away from newspaper journalism https://apnews.com/article/news-industry-buyouts-ap-newspapers-dd790effc6a385514b3323560161ea4f?utm_source=twitter&utm_medium=share
AP says it will offer buyouts as part of pivot away from newspaper journalism https://apnews.com/article/news-industry-buyouts-ap-newspapers-dd790effc6a385514b3323560161ea4f?utm_source=twitter&utm_medium=share
AP says it will offer buyouts, part of pivot from newspaper-focused history
The Associated Press says it will offer 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 for more than 1½ centuries. The news organization is becoming more focused on visual journalism and developing new revenue sources, particularly through companies investing in artificial intelligence. That's to cope with the economic collapse of many legacy news outlets. Once the lion’s share of AP’s revenue, big newspaper companies now account for 10% of its income. Julie Pace, AP's executive editor, says that “we’re not a newspaper company and we haven’t been for quite some time.
