Associated Press Paper Revenues Plummit. What Have We Learned?
As the trend of “Digital Content” is rising up, newspaper publishers are facing tough times. In a recent industry conference, Tom Curley, the CEO of Associate Press reported that AP is losing money and earning much less revenues as compared to a few years ago.
He informed that the revenues from the AP newspaper members have dropped by almost one third times since 2008. Just two years back, the revenue generated was $220 million, which has now fallen down to around $140 million. Such a great loss. The worst part is that it expects to see a drop of $5-$7 million in the coming year as well.
According to an AP representative, “The company is relying on commercial photos, software businesses and AP’s international broadcast news feeds. The latter part is getting some more attention, as the TV feeds will soon get a $30 million digital upgrade to its system.”
It’s the plight of print media, which has taken a liking to newer digital publishing options because ad revenue is looking more promising than it was before. Most of the industry saw a downturn this quarter and the resigning of Tribune’s CEO earlier this week is an example of this. Conde Nast, which has been rather aggressive in its digital strategy, has shared recent lessons from the process.
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
