AP Buyouts: Shifting from Newspapers to Tech Revenue

0:00On April 6, the Associated Press is offering buyouts to some of its U.S. journalists, speeding up a big shift away from its old newspaper routes that go back to the mid-1800s. Newspapers used to be their main cash flow, but now they make up just 10% of revenue as the company pivots to visual stories and fresh income. From tech giants betting on artificial intelligence, over the last four years, newspaper money dropped 25% with big players like Ganon, McClatchy, and now Lee Enterprises pulling back. Or, dropping out early. Meanwhile, AP doubled its U.S. video journalists since 2022 and aims to trim global staff by less than 5% through these. Voluntary Buyouts Staff numbers stay fuzzy estimates put total employees around 3,700, but the news media guild hasn't commented yet. Layoffs might happen if not enough folks take the deals, hitting U.S. staff harder since that's the target group. On the flip side, tech revenue exploded 200% with deals like licensing archives to open

1:04AI, feeding news to Google's Gemini, and selling elections data to markets like Colchiapp, 30% in customers since 2020. They're also growing direct-site traffic and launching data sales for finance and ads. AP leaders say they're moving from strength, not crisis, keeping boots in all 50 states while ramping up video fact checks and real journalists. Faces to fight misinformation and build trust in this wild media game. You've been listening to entertainment and celebrity news today, AI-powered pop culture coverage.