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AP says it will offer buyouts as part of pivot away from newspaper-focused history (apnews.com)

submitted 8 hours ago by Powderhorn@beehaw.org to c/usnews@beehaw.org

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As you might imagine, this has generated a lot of discussion in /r/journalism.

The Associated Press, one of the world’s oldest and most influential news organizations, said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s.

The News Media Guild, the union that represents AP journalists, said more than 120 of the staff members it represents received buyout offers on Monday.

The news organization is becoming more focused on visual journalism and developing new revenue sources, particularly through companies investing in artificial intelligence, to cope with the economic collapse of many legacy news outlets. Once the lion’s share of AP’s revenue, big newspaper companies now account for 10% of its income.

“We’re not a newspaper company and we haven’t been for quite some time,” Julie Pace, executive editor and senior vice president of the AP, said in an interview.

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