This book overviews and reconsiders media organizations - the news agencies - which report and film the news for the press and broadcast media. Incorporating institutional, historical, political economic and cultural studies perspectives, the book: reviews agency provision of general news, video news and financial news; analyzes agency-state relations through periods of dramatic social upheaval; and critically examines the impact of deregulation and globalization on the news agency business. Contributors consider how leading players like Reuters and Associated Press help to define the nature of both the Global and the Local as well as focusing on the network of relations between international and national agencies. The book

Global Financial News

Global Financial News

Global financial news
MichaelPalmer, OliverBoyd-Barrett and TerhiRantanen

Information Vendors, Financial News/Data Services

The Reuters’ company historian, Donald Read, has pointed out that Paul Julius Reuter, the founder of Reuters news agency,

was never primarily himself a reporter. He was a great news entrepreneur. During the second and third quarters of the nineteenth century news was becoming an opportunity commodity of the industrial revolution. If he had been in business in the early twentieth century, he might well have become an oil-man. (Read, 1992: 5)

Reuter provided brokers and merchants in London and Paris with twice-daily reports of the opening and closing prices of the stock exchanges of both capitals. Likewise, Reuter's first agreement of 1856 with the French and German agencies, Havas and Wolff, concerned the exchange ...

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