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There’s A Lot More to That Story About CNN Dumping Reuters
Philip Stone September 7, 2007
In the TV news agency business there is a common expression – 'dropping one’s pants' -- and it refers to the spirited competition between Reuters Televsion and AP Television News over which one will drop its pants lower financially than the other in order to win new business or retain an existing customer who says 'We’re going down to one agency' and then let’s the two financially fight it out.
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