Dow Jones & Co, recently bought by Rupert Murdoch's News Corp, will no longer carry news from the Associated Press after 40 years because they failed to negotiate a price.

"We did not believe we were being adequately compensated for the use of our content on DJ Newswires," AP Chief Revenue Officer Tom Brettingen said. "We weren't able to resolve that with DJ, so we're going our separate ways."

The negotiations had been going on for over a year and the termination of the agreement also results in an end of sharing offices and close integration.

Dow Jones Newswires will now distribute general and political news from France-Presse, a French news service, and will also expand editorial staff. The company said the moves were "part of Dow Jones's broader strategy to invest in its global financial news operations."

Nonetheless, Dow Jones's Wall Street Journal and Factiva online news archive will still run AP news.

Source: Reuters.com