News Column

News Agency dpa Posts Profit, Sales Increase in 2012

June 21, 2013

German news agency dpa saw profit and sales increases in 2012, the company said Friday.

Germany's largest news agency posted a profit of about $906,000 (684,000 euros) last year, compared with 647,000 euros in 2011. Sales were up slightly, from 81.9 million euros to 82.1 million euros.

Chairman Michael Segbers told shareholders at a meeting in Duesseldorf that revenue is on track for a "positive" 2013.

dpa recently entered a content-sharing deal with US news agency Associated Press (AP), with the deal being described by Segbers as a "milestone in the history of dpa."

AP chief executive officer Gary Pruitt said of the deal: "The dpa-AP relationship makes both of us stronger."

"As economic pressures affect traditional media, news agencies like AP and dpa have become even more important. We play an increasingly critical role in reporting on national and international news, holding governments accountable and insuring that our customers receive a comprehensive and affordable news report," Pruitt said.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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