Forbes: "Down on AP"

I've written here extensively about AP and its troubles (click on the AP label below), including its attempt to find a new business model.

Now, Louis Hau of Forbes takes an excellent long-form look at AP and its increasingly troubled relationship with newspapers.

Last year, AP generated only about 30% of its revenue from U.S. newspapers. The rest came from global broadcast customers (37%), online ventures (15%) and other revenue sources, such as international clients and photography, (18%). Forbes.com is a customer of AP.

"There's no longer a direct tie between what the members pay and the news gathering we do,'' [AP's VP of strategic planing Jim] Kennedy says.

AP's been taking some crap lately over on the American Copy Editors Society's discussion board as well.