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The CNN cable television news network said on Thursday it would stop using the Reuters news service, ending a 27-year relationship, to cut costs and invest in its own news gathering operations.
The global television news network owned by the world's largest media company, Time Warner (TWX.N: Quote, Profile, Research), said in an internal memo that it wanted to reduce reliance on agency material while achieving better control of its growth.
"This is all about us, not Reuters. This is about content ownership," CNN spokesman Nigel Pritchard said. "Everything is changing and content ownership is king."
CNN will stop using Reuters text, photography and television material from Friday.
CNN to stop using Reuters news service
Seeded on Thu Aug 30, 2007 11:31 AM EDT
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