As TVNewser first reported earlier this month, CNN has gone ahead and is dropping its subscription to the Associated Press, effective immediately.

CNN’s own newsgathering operation will be the primary source of content on CNN, CNN.com and CNN Radio.

According to an internal memo from CNN Worldwide chief Jim Walton, the company will be staffing up on its wires team and adding positions in a number of bureaus to help speed the news-distribution process along.

Interestingly, CNN is also entering into an agreement with Reuters to “supplement breaking news coverage,” according to the memo. CNN dropped its Reuters subscription in 2007.

Walton’s memo is after the jump.

Update: AP statement is also after the jump.

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