US news agency Associated Press is planning to reduce the amount it charges American newspapers for using its stories. The decision follows two years in which the agency has not increased rates to publishers. It is expected that member newspapers will save about $14m (£7.1m). "We understand that these are both difficult and historic times for our industry," said Dean Singleton, AP's chairman and ceo of MediaNews. (Via Follow the Media)
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AP cuts story prices for newspapers
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