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1 days and 13 hours ago
pimg src="http://paidcontent.org/images/uploads/ap_logo.gif" alt="image" align="right" width="170"
/Associated Press, one of the largest news organizations worldwide, is planning to cut about 10
percent of its workforce in 2009, a
href="http://www.reuters.com/article/rbssFinancialServices%20-%20Diversified/idUSN2042005920081120"
title="reports Reuters"reports Reuters/a, citing an internal "town-hall" meeting at the company. AP
employs about 3,000 journalists, and a total of about 4,100 people worldwide, which means the cuts
would be about 400 employees. No idea yet of which areas the cuts would come from, but according to
an AP statement: "The Associated Press, like virtually every business in the world, is defining
strategies for operating in these complex and difficult financial times. All areas and ways of
doing business are being reviewed. The AP, which recently instituted a strategic hiring freeze, may
need to reduce staff over the next year. If so, it hopes to achieve much of the reduction through
attrition." /p p These cuts come at a time when AP is restructuring the company, and has also
revised its rates after protest from its member newspapers. The co-op, facing defections from
members large and small, announced in October that is planned to cut member assessments by another
$9 million next year, for a total of nearly $30 million, and would start an examination of its
member structure that could result in a complete overhaul. These cuts are likely a result from that
overhaul. /p p Lots more about AP, the controversies and rate changes a
href="http://www.paidcontent.org/tag/associated-press/" title="here in our special section"here in
our special section/a. /p piSocial Media Deals Report: This 199-page report, filled with charts and
data, examines the categories, number and size of VC and MA deal in social media from 2007 through
2008. stronga href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports
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