Murdoch Gives Home Team The Boot
Dow Jones Newswires and the Associated Press engaged in a game of chicken over higher rates the latter wanted to charge the former.
In the end, they both lost. DJ loses a vital news source, and the A.P. a reliable source of revenue, though it will pick up Agence France-Presse has a kinda, sorta substitute.
All this could mean a last-minute reconciliation, as both sides actually share office space and other operations, which makes undoing this arrangement a pain in the butt more than anything else.
The weirdest part of all this was reading about how DJ was dumping the AP for AFP on Reuters, DJ Newswires' bitter rival.
Everybody wants a piece of this action.