The venerable Associated Press news service has inked a licensing agreement with blockchain technology company Civil Media. The agreement makes AP member content available to Civil’s newsrooms.
You might remember Civil Media, which worked with former members of the Denver Post to form a new publication, the Colorado Sun. This is what Civil does, creating what it calls “sustainable journalism.”
Now those publications can use AP member content. According to Civil’s co-founder, Matt Coolidge, in a post on Medium, “AP will deliver its content, including national and international news, to Civil so that newsrooms can easily access it on the platform. Any newsroom wishing to access AP content will be licensed directly by the news agency.”
At the same time, AP gets a foothold into cryptocurrency by owning Civil’s (CVL) tokens as part of this agreement. How many tokens was not disclosed.
Jim Kennedy, AP’s senior vice president for Strategy and Enterprise Development, said in the post the AP “has been pushing into new digital territory for more than two decades, and Civil is opening up another new space with interesting technology to explore and a commitment to good journalism.” Read more here.