Posted on 11/18/2024 2:11:28 PM PST by DFG
The Associated Press said Monday that it would begin offering buyouts and lay off selected employees, part of a plan to reduce the news outlet's staff by about 8% and accelerate a transition to a digital-first organization.
The move is part of what is expected to be a dispiriting end-of-year period in the news industry, which is beset by business woes that go back years. The end of a busy presidential-election cycle was also expected to accelerate reorganization plans.
The AP said those eligible for buyouts were to learn of the offer, which would include severance pay and partial health coverage for 18 months, by the end of Monday. Those whose positions are due to be eliminated would learn about their fates over the next few weeks.
Once considered the world's largest newsgathering organization, the AP no longer makes that claim and does not reveal the size of its staff. As a result, it was impossible to say on Monday how many people would be affected. The AP said less than half of the anticipated cuts would involve its news employees, with the bulk happening within the United States.
The News Media Guild said that 121 of its members would be offered buyouts. The AP, without giving an estimate, said there would be fewer job cuts than that among the union members.
For years, news executives have had to make cutbacks because solutions to their business problems have proven elusive, said Gabriel Kahn, who helps run the media, economics and entrepreneurship program at the USC Annenberg School for Communication and Journalism. It has become even tougher in the past couple of years as the work of journalists has become much less visible on social media, due to changes in search algorithms and artificial intelligence, he said.
(Excerpt) Read more at finance.yahoo.com ...
Why do we need the Associated Press?
For years, news executives have had to make cutbacks because solutions to their business problems have proven elusive,
I trust someone is keeping a record of all the main stream media claims, including AP, about what Trump would do if elected. A list of these claims and who made them should be kept. Then the public can decide whether these came true and also evaluate the truth of the main stream media. Maybe they will need more layoffs?
These Agitators and Propagandists issue “style books” which ban words they don’t like.
They are evil censors.
Not much difference than TASS or Pravda.
The AP has lived way beyond it’s useful life.......
How much do Americans pay for this propaganda organ?
Fewer people pay attention to Legacy Media.
It seems the way most of the "news" is "reported" these days, it should mostly be on the editorial page.
most of the news these days are press releases from non profits. AP doesn’t really write news.
I hope so. See Tagline.
The sooner the Ass Press goes out of business the better.
President Trump is restoring Morals to the Mainstream Media already!
I guess they’ll just have to learn to code.
How does it feel? Signed, coal miners.
The air is quite full of lies. It makes the leftist commentary platforms a bit redundant.
Paging Seinfeld image.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.