Dow Jones will stop carrying AP news

By Robert MacMillan

NEW YORK (Reuters) - Dow Jones & Co, recently bought by Rupert Murdoch's News Corp, is ending an agreement of more than 40 years to carry news from the Associated Press after the AP said it wanted more money.

Instead, Dow Jones Newswires will run news from Agence France-Presse, a French news service.

The AP and Dow Jones failed to agree on a price after more than a year of negotiations, AP Chief Revenue Officer Tom Brettingen said on Tuesday.

"We did not believe we were being adequately compensated for the use of our content on DJ Newswires," Brettingen said in a statement. "We weren't able to resolve that with DJ, so we're going our separate ways."

Dow Jones, which Murdoch's News Corp bought for $5.6 billion three months ago, said Dow Jones Newswires would distribute general and political news from Paris-based Agence France-Presse and that it would expand editorial staff.

The AP and Dow Jones started talking about their arrangement more than a year ago, before Murdoch said that he wanted to buy Dow Jones, Brettingen said in an interview.

Brettingen and Dow Jones declined to say how much Dow Jones paid the AP and how much more the AP was seeking.

The Wall Street Journal, Dow Jones's flagship newspaper, still will run AP stories, as will the Factiva online news archive, which Dow Jones also owns.