Business · Fortune Technology
Associated Press starts offering buyouts to newspaper journalists amid wider AI transformation of the industry
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
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.
Key facts
- AP’s long tradition in counting and analyzing elections data is another growth area; the company saw a 30% increase in customers between the 2020 and 2024 cycles
- In recent days, the company learned that Lee Enterprises — publishers of newspapers like The Buffalo News, the St
- The News Media Guild, the union that represents AP journalists, said more than 120 staff members received buyout offers on Monday
- Pace said the AP’s goal is to reduce its global staff by less than 5%
Summary
The News Media Guild, the union that represents AP journalists, said more than 120 staff members 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. “We’re not a newspaper company and we haven’t been for some time,” Julie Pace, executive editor and senior vice president of the AP, said in an interview.