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35-496: City News Service, Inc. is a regional news agency covering Southern California . City News Service clients include local and regional newspapers, broadcasters and websites. The company was founded in 1928 by Marvin Willard and Welland Gordon to provide both national wire services and local news outlets with local stories, including coverage of Hollywood and city government. Florabelle Muir, an LA gossip columnist , purchased

70-497: A basic philosophy of providing a single objective news feed to all subscribers. Jonathan Fenby explains the philosophy: To achieve such wide acceptability, the agencies avoid overt partiality. Demonstrably correct information is their stock in trade. Traditionally, they report at a reduced level of responsibility, attributing their information to a spokesman, the press, or other sources. They avoid making judgments and steer clear of doubt and ambiguity. Though their founders did not use

105-567: A cost of over US$ 100 million. Key product launches include Equities 2000 (1987), Dealing 2000-2 (1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the Reuters 3000 Xtra service (1999). In the mid-1990s, the Reuters company engaged in a brief foray in the radio sector – with London Radio's two radio stations, London News 97.3 FM and London News Talk 1152 AM. A Reuters Radio News service

140-545: A deal valued at US$ 17.6 billion. Thomson controlled about 53 per cent of the new company, named Thomson Reuters . Tom Glocer , the former head of Reuters became the CEO of Thomson Reuters. An earlier rule of 15-per cent maximum ownership was waived; the reason as given by Pehr Gyllenhammar , the chairman of the Reuters Founders Share Company, as that the "future of Reuters takes precedence over

175-673: A promise to clean up the city's notoriously corrupt police department. After again assuming the bench, Bowron sold his interest in City News to Joe Quinn. After Quinn died in 1979, his widow, Grace Quinn, assumed ownership of the company but soon decided that practicing law, not journalism, was her true passion. Her eldest son, Tom Quinn , assumed control of City News in 1980. Quinn, a former broadcast journalist in Chicago, Los Angeles and Sacramento, managed Jerry Brown's successful campaign for governor of California in 1974 and served as Chairman of

210-502: Is a stub . You can help Misplaced Pages by expanding it . News agency Although there are many news agencies around the world, three global news agencies, Agence France-Presse (AFP), the Associated Press (AP), and Reuters have offices in most countries of the world, cover all areas of media, and provide the majority of international news printed by the world's newspapers. All three began with and continue to operate on

245-769: Is near the One Canada Square tower, Jubilee Park and Canary Wharf tube station . The open space below the Reuters building has since been renamed Reuters Plaza. The company's North American headquarters are located in Hoboken, New Jersey . and were previously located at the Reuters Building at 3 Times Square , New York. It is on Seventh Avenue between 42nd and 43rd Streets, and was constructed from 1998 to 2001. The Asian headquarters were located in Singapore , having moved there from Hong Kong ahead of

280-763: Is now the editor, and Kevin Kenney is the city editor. Quinn, who now lives in Reno, Nevada, continues as the primary owner but spends most of his time on his extensive business interests in Nevada, including serving as president of Americom Broadcasting and Reno Media Group, the dominant broadcaster in Northern Nevada and Lake Tahoe. City News Service covers city and county governments, courts and public safety. News from business, sports and entertainment are not being covered. This United States media company article

315-814: Is the European Alliance of Press Agencies, while the OANA is an association of news agencies of the Asia-Pacific region. MINDS is a global network of leading news agencies collaborating in new media business. Reuters Group Reuters Group plc was a British multinational media and financial information company headquartered in London , United Kingdom . It was acquired by the Thomson Corporation in 2008, forming Thomson Reuters , and moved its head office to Toronto . Reuters Group

350-849: The Agenzia Stefani , which became the most important press agency in Italy from the mid-19th century to World War II , in Turin in 1853. The development of the telegraph in the 1850s led to the creation of strong national agencies in England, Germany, Austria and the United States. But despite the efforts of governments, through telegraph laws such as in 1878 in France, inspired by the British Telegraph Act of 1869 which paved

385-573: The Associated Press (founded 1846) in the United States. Former Havas employees founded Reuters in 1851 in Britain and Wolff in 1849 in Germany. In 1865, Reuter and Wolff signed agreements with Havas's sons, forming a cartel designating exclusive reporting zones for each of their agencies within Europe. For international news, the agencies pooled their resources, so that Havas, for example, covered

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420-544: The Internet ). Corporations, individuals, analysts, and intelligence agencies may also subscribe. News sources, collectively, described as alternative media provide reporting which emphasizes a self-defined "non-corporate view" as a contrast to the points of view expressed in corporate media and government-generated news releases. Internet -based alternative news agencies form one component of these sources. There are several different associations of news agencies. EANA

455-741: The Submarine Telegraph Company to lay an undersea telegraph cable across the English Channel , from Dover to Calais , promised success. Reuter set up his "Submarine Telegraph" office in October 1851 just before the opening of that undersea cable in November, and he negotiated a contract with the London Stock Exchange to provide stock prices from exchanges in continental Europe in return for access to

490-745: The 1850s, the 34-year-old Reuter was based in Aachen – then in the Kingdom of Prussia , now in Germany – close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However, the telegraph did not extend the 76 miles (122 km) to Brussels , Belgium's capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap. In 1851, Reuter moved to London. After failures in 1847 and 1850, attempts by

525-526: The French Empire, South America and the Balkans and shared the news with the other national agencies. In France the typical contract with Havas provided a provincial newspaper with 1800 lines of telegraphed text daily, for an annual subscription rate of 10,000 francs. Other agencies provided features and fiction for their subscribers. In the 1830s, France had several specialized agencies. Agence Havas

560-604: The London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuter's private firm was restructured, and it became a limited company (a corporation) called the Reuter's Telegram Company . Reuter had been naturalised as a British subject in 1857. Reuter's agency built a reputation in Europe for being the first to report news scoops from abroad, such as Abraham Lincoln 's assassination. Almost every major news outlet in

595-401: The company's tradition for objective reporting might be jeopardised if control of the company later fell into the hands of a single shareholder. To counter that possibility, the constitution of the company at the time of the stock offering included a rule that no individual was allowed to own more than 15% of the company. If this limit is exceeded, the directors can order the shareholder to reduce

630-632: The creation of newspaper cooperatives in the Commonwealth and national agencies in Asia, two of its strong areas. After the Second World War, the movement for the creation of national agencies accelerated, when accessing the independence of former colonies, the national agencies were operated by the state. Reuters, became cooperative, managed a breakthrough in finance, and helped to reduce the number of U.S. agencies from three to one, along with

665-454: The holding to less than 15%. That rule was applied in the late 1980s when Rupert Murdoch 's News Corporation , which already held around 15% of Reuters, bought an Australian news company that also owned stock in Reuters. Murdoch was subsequently compelled to reduce his holdings to less than 15%. Further protecting Reuters from owner actions that might threaten its independence is Reuters Founders Share Company Limited, formed in 1984 as part of

700-522: The huge U.S. domestic market, boosted by the runaway success of radio, all three major agencies required the dismantling of the "cartel agencies" through the Agreement of 26 August 1927. They were concerned about the success of U.S. agencies from other European countries which sought to create national agencies after the First World War. Reuters had been weakened by war censorship, which promoted

735-539: The internationalization of the Spanish EFE and the globalization of Agence France-Presse. In 1924, Benito Mussolini placed Agenzia Stefani under the direction of Manlio Morgagni , who expanded the agency's reach significantly both within Italy and abroad. Agenzia Stefani was dissolved in 1945, and its technical structure and organization were transferred to the new Agenzia Nazionale Stampa Associata (ANSA). Wolffs

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770-415: The major agencies were provided with new opportunities in television and magazine, and news agencies delivered specialized production of images and photos, the demand for which is constantly increasing. In France, for example, they account for over two-thirds of national market. By the 1980s, the four main news agencies, AFP, AP, UPI and Reuters, provided over 90% of foreign news printed by newspapers around

805-518: The principles. If Reuters were not strong enough to continue on its own, the principles would have no meaning." citing the recent bad financial performance of the company. The acquisition was closed on 17 April 2008. From 1939, corporate headquarters were in London's famous Fleet Street in a building designed by Sir Edwin Lutyens . In 2005, Reuters moved to a larger building in the more modern Canary Wharf . The Reuters Building at 30 South Colonnade

840-541: The service from its founder(s) in the early 1940s. In the early 1950s, Fletcher Bowron , the former mayor of Los Angeles and Joe Quinn, the United Press bureau chief in Los Angeles, who later served as deputy mayor of Los Angeles, purchased the company. Bowron tired of the news business and decided to run for an open Superior Court judge seat, the same position he held before running for mayor of Los Angeles with

875-497: The share float. This company's stated mission is to protect the integrity of the company's news output. It holds one "Founders Share", which can veto all other shares if an attempt is made to alter any of the rules relating to the Reuters Trust Principles. These principles set out the company's aims of independence, integrity, and freedom from bias in its news reporting. Subsequent to the forming of Thomson Reuters

910-691: The state Air Resources Board from 1975 to 1979. He appointed a close associate, Douglas Faigin, as CNS editor and together they expanded the business by opening new bureaus in Orange County, San Diego and Riverside County. They also doubled the number of clients to include television stations, networks, cable news outlets, daily and weekly newspapers, reality TV programs, government agencies and news websites. Tom Quinn retired as CNS chairman in 2013, and Faigin assumed that position. When Faigin retired in 2021, Quinn became non-executive Chairman and Lori Streifler, CNS's top editor, became president. Marty Sauerzopf

945-575: The trust principles continued, with the RFSC now holding a Founders Share in each of Thomson Reuters Corporation and Thomson Reuters PLC. Reuters grew rapidly after its 1984 IPO , widening the range of its business products and global reporting network for media, financial and economic services. In 1988, Reuters formed a joint-venture with the Chicago Mercantile Exchange to build an automated futures trading system named "Globex" at

980-668: The way for the nationalisation of telegraph companies and their operations, the cost of telegraphy remained high. In the United States, the judgment in Inter Ocean Publishing v. Associated Press facilitated competition by requiring agencies to accept all newspapers wishing to join. As a result of the increasing newspapers, the Associated Press was now challenged by the creation of United Press Associations in 1907 and International News Service by newspaper publisher William Randolph Hearst in 1909. Driven by

1015-541: The word, objectivity is the philosophical basis for their enterprises – or failing that, widely acceptable neutrality. Newspaper syndicates generally sell their material to one client in each territory only, while news agencies distribute news articles to all interested parties. Only a few large newspapers could afford bureaus outside their home city; they relied instead on news agencies, especially Havas (founded 1835) in France—now known as Agence France-Presse (AFP)—and

1050-503: The world now subscribes to Reuters' services, which operates in over 200 cities in 94 countries in about 20 languages. The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter , died at age 96 on 25 January 2009, after having suffered a series of strokes. Reuters was financed as a public company in 1984 on the London Stock Exchange and on the NASDAQ in the United States. However, there were concerns that

1085-1181: The world. News agencies can be corporations that sell news (e.g., PA Media , Thomson Reuters , dpa and United Press International ). Other agencies work cooperatively with large media companies, generating their news centrally and sharing local news stories the major news agencies may choose to pick up and redistribute (e.g., Associated Press (AP), Agence France-Presse (AFP) or the Indian news agency PTI ). Governments may also control news agencies: China ( Xinhua ), Russia ( TASS ), and several other countries have government-funded news agencies which also use information from other agencies as well. Commercial newswire services charge businesses to distribute their news (e.g., Business Wire , GlobeNewswire , PR Newswire , PR Web , and Cision ). 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

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1120-605: Was also set up to compete with the Independent Radio News . In 1995, Reuters established its "Greenhouse Fund" to take minority investments in start-up technology companies, initially in the US, only. In October 2007, Reuters Market Light , a division of Reuters, launched a mobile phone service for Indian farmers to provide local and customised commodity pricing information, news, and weather updates. On 15 May 2007, Canada's The Thomson Corporation acquired Reuters in

1155-416: Was best known for the Reuters news agency, which was the original business of the company. By the time of its acquisition by Thomson, the bulk of Reuters Group's revenues came from the provision of financial market data, with news reporting comprising less than 10% of its turnover. Paul Reuter noticed that, with the electric telegraph , news no longer required days or weeks to travel long distances. In

1190-540: Was founded in 1835 by a Parisian translator and advertising agent, Charles-Louis Havas , to supply news about France to foreign customers. In the 1840s, Havas gradually incorporated other French agencies into his agency. Agence Havas evolved into Agence France-Presse (AFP). Two of his employees, Bernhard Wolff and Paul Julius Reuter , later set up rival news agencies, Wolffs Telegraphisches Bureau in 1849 in Berlin and Reuters in 1851 in London. Guglielmo Stefani founded

1225-510: Was taken over by the Nazi regime in 1934. The German Press Agency (dpa) in Germany was founded as a co-operative in Goslar on 18 August 1949 and became a limited liability company in 1951. Fritz Sänger was the first editor-in-chief . He served as managing director until 1955 and as managing editor until 1959. The first transmission occurred at 6 a.m. on 1 September 1949. Since the 1960s,

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