Everything about News Agencies totally explained
A
news agency is an organization of
journalists established to supply
news reports to organizations in the
news trade:
newspapers,
magazines, and
radio and
television broadcasters. These are known as
wire services or
news services.
Commercial services
News agencies can be corporations that sell news (for example
Thomson Reuters). Other agencies work cooperatively with large media companies, generating their news centrally and sharing local news stories the major news agencies may chose to pick up and redistribute (for example
AP,
Agence France-Presse (AFP)). Commercial newswire services charge businesses to distribute their news (for example
Business Wire, the
Hugin Group,
Market Wire,
PR Newswire, and
ABN Newswire). Governments may also control news agencies:
China (
Xinhua),
Australia,
Britain,
Canada,
Russia (
ITAR-TASS) and other countries also have government-funded news agencies which also use information from other agencies well.
The major news agencies generally prepare hard news stories and feature articles that can be used by other news organizations with little or no modification, and then sell them to other news organizations. They provide these articles in bulk electronically through wire services (originally they used
telegraphy; today they frequently use the
Internet). Corporations, individuals, analysts and
intelligence agencies may also subscribe.
Internet-based
alternative news agencies as a component of the larger
alternative media emphasizes a "non-corporate view" that's independent of the pressures of
corporate media,
business media and government-generated news and releases.
Major news agencies
Market effects
Many
publicly traded companies solicit business analysis firms to produce favourable reports and then submit these through wire services. These stories often form the basis for public news about a company and may affect stock performance.
Further Information
Get more info on 'News Agencies'.
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