Associated Press posts profit in 2013 despite 4 percent decline in revenue

  • by: The Associated Press , Associated Press
  • Updated: April 30, 2014 - 3:31 PM

NEW YORK — The Associated Press said Wednesday that it posted a net profit of $3.3 million in 2013, as it cut costs across the organization. The results compare with a loss of $25.5 million a year ago, according to the news cooperative's annual financial report, released Wednesday.

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