CNN dumps AP service to save money

Cable network CNN is to stop taking material from the Associated Press news agency in a cost-cutting exercise. It will take a limited service instead from Reuters , which it dropped altogether three years ago to save money. In a memo to staff, CNN president Jim Walton explained that the network would create more of its own original content. CNN has been trying to compete against AP with its own news wires product. AP described the move as "unfortunate." Sources: HuffPo / paidContent