Reuters drew a line under four years of revenue decline yesterday but saw its shares fall 7.4% after warning investors that a new growth plan will hit profits. In a double-edged announcement to the stock market, the news and financial information group reported growth in subscriptions to its data screens and said it would return £1bn to shareholders. However, the interim results statement was met...
NEW YORK The board of directors of The Associated Press approved a new licensing policy Thursday governing online use of AP content by its member news organizations, but will not charge a separate fee for such use. The board of the news cooperative chose to roll fees for online usage into a 2.2 percent annual increase in the overall fees it will charge its members in 2006. As part of the new...
A new channel on the Reuters.co.uk news site has been launched to cover international relief efforts and humanitarian crises. The World Crises section includes news on global health issues, conflicts and natural disasters. Current stories highlight relief efforts and recovery after the Asian tsunami, conflict in the Sudan and protests in Nepal. The section is produced by Reuters' network of...
The Associated Press is planting the seeds of its own demise. AP's most recent act of self-destruction was its April 18 announcement that it would start charging newspaper and broadcast clients an additional fee for using AP content on their web sites. This move -- sprung on its clients just as they are recognizing the urgent need to reinvent themselves in multi-media, web-driven modes -- ignores...
Attention Associated Press members, prepare to get more for your money: Now available, two leads for the price of one. In a break with tradition at the 156-year-old news cooperative, the AP will now offer two different leads for many of its news stories, the organization confirmed Wednesday. "The concept is simple: On major spot stories -- especially when events happen early in the day -- we will...
Whatever else Lou Boccardi is doing as head of the world's largest newsgathering organization, he reads the wire. Obsessively. He reads it on his computer at his New Rochelle home in the mornings before work. All day, an old-style wire printer buzzes and whines in a tiny closet in his corner office on the seventh floor of the Associated Press headquarters at 50 Rockefeller Plaza, spitting out the...
