AP Backs Down On Controversial Rate Plan: Cuts Rates, Gives Members All AP Text, Halts '09 Increases
PaidContent Oct 23 08
In a major turnabout, the Associated Press has just reversed course on its controversial rate plan following a board meeting today. The co-op, facing defections from members large and small, will cut member assessments by another $9 million next year, for a total of nearly $30 million—and will start an examination of its member structure that could result in a complete overhaul. The board voted to issue a moratorium for the papers—a minority of AP members—facing cost increases next year and unwound a provision of the new plans that would have made some AP text content, including enterprise, columns and some sports and entertainment features, premium. Full story...
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