Page "United Press International" Paragraph 4

Since its sale in 1982, UPI has changed ownership several times and was twice in Chapter 11 bankruptcy reorganization.

With each change in ownership came deeper service and staff cutbacks and changes of focus and a corresponding shrinkage of its traditional media customer base.

Since the 1999 sale of its broadcast client list to its one-time major rival, the AP, UPI has concentrated on smaller information market niches.

It no longer services media organizations in a major way.