Dow Jones to carry Agence France-Presse, drop AP

SAN FRANCISCO (Reuters) - Dow Jones & Co said on Tuesday its financial news wire would distribute news from Agence France-Presse and drop the Associated Press.

Terms of the AFP agreement were not disclosed. Dow Jones, recently bought by Rupert Murdoch's News Corp, said its Dow Jones Newswires would distribute general and political news from Paris-based Agence France-Presse.

The company said the moves were "part of Dow Jones's broader strategy to invest in its global financial news operations."

Dow Jones Newswires competes with Reuters Group PLC in delivering financial news. London-based Reuters, which is being acquired by Canadian electronic publisher Thomson Corp in a deal scheduled to be completed on April 17, provides financial, general and political news from around the world.

Dow Jones said it would not renew its partnership between its news wire and the Associated Press, which is based in New York and owned by its 1,500 daily newspaper members. The change does not affect content agreements that the Wall Street Journal newspaper and the Dow Jones Factiva news database have with the AP, Dow Jones said.

(Reporting by Philipp Gollner, editing by Phil Berlowitz)