On Monday, CNN announced that it has decided to end its contract with Associated Press, Yahoo News reports. CNN spokesman Nigel Pritchard claimed that the terms AP offered "did not fit our business model" but offered no other reason for the split. In its statement, Associated Press likewise did not offer a reason, only saying "it is unfortunate that CNN's viewers will no longer have access to the breaking news and worldwide reporting resources of The Associated Press."
However, the split from AP seems to be a point of pride for CNN president Jim Walton. Walton told his employees through a memo on Monday that in light of their split from AT "the content we offer will be distinctive, compelling and, I am proud to say, our own."
Associated Press is a global news company that provides stories to thousands of news sources in the US alone. They have, however, been facing increasing pressure from their subscribers to decrease their fees in light of the advertising slump and other industry problems. In response to these complaints, the AP has decreased their fees in recent years.
One of AP's over-seas competitors, Agence France-Presse, has also faced similar problems in recent years: in June 2009, the French regional paper La Provence dropped the AFP.