Yahoo keeps AP in its content corner with new deal

The Associated Press has signed a licensing deal with Yahoo Inc. that gives the news cooperative a steady stream of revenue at a time less money is flowing in from newspapers and broadcasters. The announcement by both companies Monday didn’t disclose the financial terms of the agreement, which allows Yahoo to continue posting AP content on its site. The AP says it is still negotiating to renew its online licensing agreements with two other companies with far deeper pockets, Google Inc. and Microsoft Corp. Google stopped posting fresh AP content on its Web site in late December. Stung by the AP’s first downturn in revenue in years, AP’s management has said the cooperative needs to make more money from the online rights to its stories, photographs and video as more people flock to the Web for information and entertainment. It’s unclear whether the AP achieved its financial objectives in the Yahoo deal.

http://news.yahoo.com/s/ap/20100201/ap_on_hi_te/us_tec_ap_yahoo

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