Monday, December 01, 2008

CNN joining the wire 'game'

Move over, says CNN executives to the Associated Press.

Looks like the largely oligopolic news wire industry will soon have a new purveyor. It's not news that newspapers all over the country are letting go of their AP memberships, as they cut spending (staff). But with CNN pitching to offer a wire service for cheaper than AP, struggling newspapers could bite the bait.

Does this mean there will be more CNN bureaus and jobs created in the near future? Who knows.

Is the honeymoon over for the AP, which recently announced some troubles of its own. Again, who knows. The AP says it services 5,000 broadcast outlets, which is far more than its 1,700 newspaper subscribers. Heck, CNN uses AP wire services.

By the way, AP CEO Tom Curley says: "Breaking news is very, very expensive and if they (CNN) have the resources to spend on it, we welcome them to the game."

So I guess they aren't worried. And it doesn't seem like they'd need to be.

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Posted by Aaron Morrison at 5:58 PM | link

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Looks good, the AP has been dominant for a while now even with Reuters and UPI. More competition should be better, and at the very least create a few more jobs

Posted by Anonymous Anonymous @ 9:21 PM, December 01, 2008 #

You missed the part where Curley said CNN's wire is "abysmally written."

CNN to Curley:

"Yo mama."

Posted by Blogger Duck @ 12:21 AM, December 02, 2008 #

I heard about this. Apparently, they're recruiting some talented, young writers to overhaul it's "abysmally written" copy. A few of my friends applied for the jobs -- one was even sought out. So it looks like CNN is serious about this thing. I don't know, but I kinda like AP. Tradition and a standard of quality stands for something, you know?

Posted by Blogger T Dot @ 2:06 PM, December 03, 2008 #

I concur, T Dot.

Posted by Blogger Aaron Morrison @ 2:53 PM, December 03, 2008 #
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