History
The oldest news agency is Agence France-Presse (AFP). It was founded in 1835 by a Parisian translator and advertising agent, Charles-Louis Havas as Agence Havas. Two of his employees, Paul Julius Reuter and Bernhard Wolff, later set up rival news agencies in London and Berlin respectively. In 1853, in Turin, Guglielmo Stefani founded the Agenzia Stefani, that became the most important agency in the Kingdom of Italy, and took international relevance with Manlio Morgagni.
In order to reduce overhead and develop the lucrative advertising side of the business, Havas's sons, who had succeeded him in 1852, signed agreements with Reuter and Wolff, giving each news agency an exclusive reporting zone in different parts of Europe.
Read more about this topic: News Agency
Famous quotes containing the word history:
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