Associated Press, also known as AP, is a privately owned global news organization headquartered in the US. Founded in 1846, the company employs approximately 3800 individuals and operates as a tier 2 media tech buyer, reporting $350.0M in revenue as of 2024. The company's main product focus is production and post production, functioning as a news publisher and provider of media and broadcast technology solutions.
The U.S. military is deploying approximately 2,500 Marines and at least one amphibious assault ship, the USS Tripoli, to the Middle East, a U.S. official told The Associated Press on March 13. Elements from the 31st Marine Expeditionary Unit are part of this deployment. Earlier that day, the U.S. temporarily eased some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war. Previously, U.S. job openings rose to nearly 7 million in January, exceeding expectations despite a sluggish American labor market. Also on March 13, a federal judge quashed Justice Department subpoenas issued to the Federal Reserve in January, delivering a significant blow to an investigation into Fed Chair Jerome Powell that had already drawn criticism on Capitol Hill.
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Associated Press offers 4 products in the media tech industry. Associated Press's product portfolio comprises of production and post production.
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Associated Press's revenues were less than $500M in 2024. All the revenue comes from news production systems (NRCS and NPS).
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Associated Press's customers primarily consist of broadcast television and radio companies. Examples of Associated Press's customers include Monash University, Hearst Communications and Raycom Media. Examples of Associated Press's suppliers include Taboola, Fincons Group and Associated Press.
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