News agency

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See also: News agency (alternative)

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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.

[edit] Commercial services

News agencies can be corporations that sell news (e.g. Reuters and Agence France-Presse (AFP). 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 ( i.e. AP, UPI). Commercial newswire services charge businesses to distribute their news (e.g. Business Wire, CSRWire Canada, e|c|o/Huff Strategy, the Hugin Group, Market Wire and PR 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 as 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, individualz, 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 is independent of the pressures of corporate media, business media and government-generated news and releases.

[edit] International News Broadcasters

• CNN International - A US based news channel; known as pioneer of 24-hour international news broadcasting. One of the Time Warner companies.
• BBC World- One of the BBC channels; offers indepth news, sport, business and current affairs.
• Channel NewsAsia- An international news broadcaster based in Singapore.
• Al-Jazeera English- Based in Dohar, Qatar.
• CCTV-9- Based in China.

[edit] 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.

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