Associated Press was incorporated in New York in 1900 under a law providing for the organization of "fish & game" clubs, has long been proud of its unique status as a non-commercial news agency, sharing dispatches among its member newspapers. But World War II, with its intensive news coverage, has been a heavy drain on A. P. coffers, has forced its directors to dig down deep in their reserves to cover expenses.
Last week A. P. turned semi-pro by setting up a frankly profit-making subsidiary, Press Association, Inc., to sell A. P.'s services to...
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