From Editor & Publisher:
CNN is courting newspapers — and possibly competing with The Associated Press — with a new wire service the cable network plans to launch soon, with plans for an all-expenses-paid, three-day summit in December to show off its news gathering capabilities.
AP's vulnerable. A number of North American papers gave notice to the wire service that they don't intend to renew their contracts. Publishers forced to make drastic cutbacks are far less inclined to spend money on AP content for two primary reasons:
- Newspapers today are putting more and more of their resources into local coverage.
- Why spend money for articles that readers can easily find on hundreds of other papers carrying AP online?
Since August, I've blogged this trend a mere 1 2 3 times – the tip of the iceberg. Seeking Alpha raises some good points about this endeavor.
