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News agencies were created to provide newspapers with information about a wide variety of news events happening around the world. Initially the agencies were meant to provide the news items only to newspapers, but with the passage of time the rapidly developing modern mediums such as radio, television and Internet too adapted the services of news agencies.
Interfax continued to expand in the 1990s, adding subsidiary agencies for financial, metallurgical, oil and gas markets, information products on agriculture, business law, transport, telecommunications, [4] and the market data terminal 'EFiR information system' for stock market players to its general news coverage. [6]
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A news agency is an organization that gathers news reports and sells them to subscribing news organizations, such as newspapers, magazines and radio and television broadcasters. News agencies are known for their press releases. A news agency may also be referred to as a wire service, newswire, or news service.
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Omnicom is buying Interpublic Group in a stock-for-stock deal that will create the largest ad agency in the world with combined annual revenue of almost $26 billion. The names may be unfamiliar to ...
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