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Stock impact report

AP says it will offer buyouts as part of pivot away from newspaper-focused history [Yahoo! Finance Canada]

Lee Enterprises, Incorporated (LEE) 
Last lee enterprises, incorporated earnings: 5/4 06:30 am Check Earnings Report
US:NYSE Investor Relations: lee.net/financial
of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s. The News Media Guild, the union that represents AP journalists, said more than 120 staff members received buyout offers on Monday. The news organization is becoming more focused on visual journalism and developing new revenue sources, particularly through companies investing in artificial intelligence , to cope with the economic collapse of many legacy news outlets. Once the lion's share of AP's revenue, big newspaper companies now account for 10% of its income. “We're not a newspaper company and we haven't been for quite some time,” Julie Pace, executive editor and senior vice president of the AP, said in an interview. Despite changes – the company has doubled the number of video journalists it employs in the United States since 2022 – remnants of a staffing structure built largely to provide stories to newspaper Show less Read more
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