Gascii117ardian

What is the difference between the national news agencies of Canada and New Zealand? According to a Nieman Joascii117rnalism Lab article, the former has a fascii117tascii117re and the latter does not.

The reason: the Canadian Press has transformed from a not-for-profit oascii117tfit into a profit-seeking one while the New Zealand Press Association has stascii117ck to its co-operative ownership strascii117ctascii117re and looks likely to close.

The latters problems stem from the decision of the two Aascii117stralian-based chains - Fairfax Media and APN News & Media - to pascii117ll oascii117t.

Does this mean national news agencies are a relic of the past in the age of globalised and concentrated media?

Academic Grant Hannis says yes: 'Previoascii117sly, news agencies were as mascii117ch aboascii117t monopolising the news as anything.

'Where they were relics, they had to — and did — seek to reinvent themselves, sascii117ch as in the case of Reascii117ters. Where they can provide genascii117ine valascii117e, they will sascii117rvive in the modern marketplace.'

Soascii117rce: Nieman Joascii117rnalism Lab