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April 25, 2015 10:12 PM ET

Media

Company Overview of The Associated Press, Inc.

Company Overview

The Associated Press, Inc., a not-for-profit news cooperative, is engaged in finding, reporting, and distributing news. The company operates a global news network that delivers news to its members, subscribers, and commercial customers in the United States and internationally. It offers various categories of products and services, such as audio, graphics/interactives, multimedia, photos, text, video, and other news content to newspapers, TV channels, applications, radio stations, Websites, magazines, and online and mobile platforms for businesses and consumers. The company also sells a selection of its text, photo, audio, and video reports to corporations, private companies, government agenc...

450 West 33rd Street

New York, NY 10001

United States

Founded in 1846

Phone:

212-621-1500

Fax:

212-621-7520

Key Executives for The Associated Press, Inc.

Chief Executive Officer and President
Age: 56
Managing Editor of Sports Entertainment and Multimedia
Senior Managing Editor
Senior Managing Editor
Age: 60
Chief Financial Officer and Senior Vice President
Age: 58
Compensation as of Fiscal Year 2014.

The Associated Press, Inc. Key Developments

The Associated Press Reports Earnings Results for the Year 2014; Provides Revenue Guidance for the Year 2015

The Associated Press reported earnings results for the year 2014. For the year, the company's revenue grew 1% to $604.0 million, up from $595.7 million the previous year. Profit rose to $140.9 million, up sharply from $3.3 million a year earlier. The bump came largely from the sale of its 50% stake in Stats LLC, which brought in $128.3 million for the company. For the year 2015, revenue is expected to fall about 2%, because of the lack of special events, the strong U.S. dollar, which lowers overseas income, and the continued decline in revenue from U.S. newspapers.

The Associated Press, Inc. Adds Kirk Davis and Patrick Talamantes to its Board of Directors

The Associated Press, Inc. announced that it added two new members to its 20 member board of directors: Kirk Davis, CEO of GateHouse Media LLC and Patrick Talamantes, CEO of The McClatchy Co.

Matter Announces Four New Partners - Associated Press, A.H. Belo Corporation, Community Newspaper Holdings, Inc. and The McClatchy Company

As the demand for media innovation in newsrooms continues to grow, Matter, announced four new partners: The Associated Press, A.H. Belo Corporation, Community Newspaper Holdings, Inc. and The McClatchy Company. The new seven-organization partnership will allow Matter to strengthen and extend its accelerator program, which provides seed funding, educational workshops and mentoring to media entrepreneurs, building more informed and connected communities. The new partnership features a powerful mix of international, national and local media organizations with a vast reach across television, radio, online and print. Startups selected to participate in Matter will have access to these networks, along with the chance to test and refine their ideas in a real-world setting. At the same time, Matter will work with partners directly to help introduce new innovations and business processes into newsrooms. Additionally, Matter will launch a seed investing initiative outside of its accelerator program for media entrepreneurs who show potential to make a positive impact on society, while pursing a sustainable, profitable business model.

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