Dow Jones & Co. announced Tuesday an agreement for Dow Jones Newswires to distribute editorial content from Agence France-Presse while it will stop distributing content from the Associated Press.
The company also announced plans to expand its global editorial staff. These changes are part of Dow Jones’s broader strategy to invest in its global financial news operations.
Under the agreement, Dow Jones Newswires will distribute to its customers general and political news from AFP, the Paris-based international news agency. Terms of the deal were not disclosed.
“As the world’s oldest news agency, AFP has earned a reputation for speed, accuracy and trustworthiness. With its global scope and 24-hour coverage, our customers will be able to monitor the pulse of global change, enabling them to react quickly to news events,” said Clare Hart, executive vice president of Dow Jones, in a statement.
Separately, Dow Jones will not renew its news partnership between Dow Jones Newswires and the Associated Press. Content agreements that The Wall Street Journal and Dow Jones Factiva have with the AP are not affected by this announcement.
The planned expansion of editorial staff follows the company’s announcement last week that Dow Jones acquired Betten Financial News, a leading Dutch financial and economic news organization.
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