Can CNN Develop/Launch a Wire Service to Compete in Tooday's Market

CNN is rolling out a new wire service to compete with the Associated Press. Here are some key points:

• CNN has 3,000 journalists worldwide.
• CNN already runs an internal wire service for its bureaus and CNN.com.
• CNN Wire could offer columns written by some of the of its high profile anchors.
• Some papers have already started running CNN Wire articles.
• For newspapers, still photography is important, but CNN Wire could offer streamed video.
• CNN already dropped Reuters in 2008, and dropped the AP this month.
• The AP has more than 3,000 journalists in more than 100 countries.
• The AP is reducing the fees its charges its clients, saving clients about $30 million.

You can read more about it here: "CNN Pitches a Cheaper Wire Service to Newspapers."