Can Reuters America Take on The Associated Press?
Thomson Reuters is joining forces with several partners, including Denver billionaire Philip Anschutz's Examiner.com, to create a new general news service that is expected to compete with The Associated Press cooperative, reports the Denver Business Journal, which points out that the newly dubbed "Reuters America" seeks to become a "flagship domestic news, information, and services offering designed to provide U.S. publishers and broadcasters with the tools they need to increase efficiency, reduce cost, and drive revenue." In other words, more outside news, photos, and other content for a better price. Reuters' first large client will be the Chicago-based Tribune Company, which owns the Los Angeles Times and a slew of other news properties, including KWGN-Channel 2 in Denver.
The AP, chaired by William Dean Singleton (the CEO of Denver-based MediaNews Group and publisher of The Denver Post), is a news collective in which member agencies share content, but some members have complained about AP's fees, among other issues.
The new partnership will allow Reuters America to use content from Examiner.com, which employs at least 66,500 freelance bloggers and journalists who produce about 3,000 articles a day, according to MediaPost Publications.
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