The development of the Internet and digital technologies has dramatically changed the media competition environment, prompting many international media giants to start seeking business models suitable for themselves. After the merger, the newly formed Thomson·Reuters Group is expected to become the world's largest financial information provider, while News Corporation’s acquisition of Dow Jones & Company is proceeding amidst various public opinions and challenges. A common signal from these mergers and acquisitions is the recognition of financial information content as a core competitiveness for media groups.
The Associated Press (AP), the largest news agency in the U.S. with over 160 years of history, is also seeking a breakthrough in content. Tom Curley, the 12th AP President and CEO who took office three years ago, frankly stated that most of AP's efforts have been focused on utilizing new technologies. How does Tom Curley perceive the current media competitive environment and the media transformation brought by new technologies?