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The AP Board of Directors has approved a plan for a new rate structure, despite the fact that two groups of newspaper editors have protested that the new rate cuts don’t go far enough.
The new Member Choice plan expands the availability of breaking news stories while making other stories available on an a la carte basis, writes Editor & Publisher. While the AP says the new plan will save member newspapers some $6 million, editors believe the organization is not being sensitive enough to the financial distress of the newspapers and the industry.
“The Member Choice service constitutes the most important overhaul of AP’s pricing in the history of the cooperative. It will reduce assessments for 80 percent of papers; about 10 percent will remain the same; and, about 10 percent will see an increase, although it will be phased in,” AP said in a statement today.
The plan will be implemented in 2009.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
CNN plans to offer newspapers a wire service as an alternative to the Associated Press. CNN, which already runs an internal wire service, will explain its new, expanded service to editors from about 30 papers who are visiting Atlanta this…
Regulatory filings reveal that billionaire hedge-fund manager Carl Icahn bought nearly 7 million additional shares — about $67 million worth — of Yahoo.
The investor paid an average of $9.92 for each share over the course of three days, bringing…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
