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Article: Europe's newspapers struggle, too.(WORLD)(Westdeutsche Allgemeine Zeitung and Deutsche Presse-Agentur GmbH)
- Article from:
- The Christian Science Monitor
- Article date:
- June 17, 2009
- Author:
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Byline: Isabelle de Pommereau Correspondent of The Christian Science Monitor
Frankfurt, Germany -- Not long ago, Germany's second-largest newspaper group, WAZ, made what many saw as a seismic decision. Citing financial pressures, it severed its long-time ties with the German Press Agency, DPA. Instead, it vowed to get its news more cheaply by renewing its contract with France's Agence France-Presse only.
For the Westdeutsche Allgemeine Zeitung publications, which reach 2.9 million readers in the country's' most populous state of North Rhine Westphalia, the decision was sound economic thinking. It meant saving $2.7 million and preserving the jobs of 25 ...