ABC and Yahoo form news alliance

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Yahoo and ABC News have a formed a wide-ranging strategic partnership to share and create content on the popular Web portal.

‘It’s a game-changing day for us,’ ABC News President Ben Sherwood said during a conference call detailing the alliance, which was first unveiled on the network’s ‘Good Morning America’ program Monday morning.

The two companies said their partnership will ‘transform the delivery of news and information across the digital landscape.’ The two companies, who already had an existing relationship, reach over 100 million people online every month, they said. ABC News will be a prominent fixture on Yahoo’s home page.

Although the news outlets of ABC and Yahoo will continue to operate separately, both will also work together on news coverage and share bureaus in New York, Los Angeles and Washington. ‘This relationship will give ABC News an unrivaled ability to reach across the Web, combining Yahoo!’s vast distribution and cutting-edge technology with our award-winning journalism,’ Sherwood said.

The partnership’s first original series, ‘Newsmakers,’ will premiere Monday with ‘Good Morning America’ correspondent George Stephanopoulos interviewing President Obama. The program will be streamed live on Yahoo.com and ABCNews.com. Christiane Amanpour will also have a presence in the venture, and ‘Good Morning America’ will be a large component of the partnership.

‘To be able to blend these two organizations is the start of something really special,’ said Ross Levinsohn, executive vice president of Americas at Yahoo.

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-- Joe Flint