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AP to Form News Group to Make Money from Mobile

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The Associated Press is overseeing the creation of an organization to help newspapers and broadcasters make more money as more people get their news from mobile phones and other wireless devices.

The ambitious project announced Monday signals that the AP, a 164-year-old news cooperative, hopes to play a leadership role as long-established media try to reverse several years of decline brought on by their inability to capitalize on the Internet.

AP CEO Tom Curley said the company is creating a digital-rights clearinghouse that should help news media protect their content and generate more revenue as technology hatches new channels for distributing the news they produce.

From The Associated Press
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