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WebProNews Week in Review
WebProNews takes a look back at some of the more interesting headlines and stories of the past week. ome topics covered are a few new Google features, lots of Microsoft/Yahoo action as well as a couple of new tools for the savvy SEO crowd. More
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Newspapers No Longer The AP's Bread And Butter
By Doug Caverly
AP chairman Dean Singleton only used the words "Internet" and "websites" once each in a recent address, and "online" didn't come up at all. Still, Singleton's remarks made clear that traditional newspapers are losing ground to new media..
"We understand that these are both difficult and historic times for the industry," said Singleton. Later, he continued, "[Y]ou may be surprised to know that AP now receives only 28 percent of its revenues from member newspapers. In 2009 it will receive less than 25 percent of its revenues from members. Broadcasters, Internet companies and international subscribers now provide the lion's share of AP revenue."
The AP isn't cheering on old media's death, of course; Singleton announced a number of price cuts that should benefit almost every form of press, and perhaps newspapers in particular.
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