The Roles of Global News Agencies

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1 Chapter 7 The Roles of Global News Agecies Learig Objectives 1. List the three major global ews agecies: a. Reuters b. Associated Press (AP) c. Agece Frace Presse 2. Detail the history ad the services offered by the three major global ews agecies. 3. Explai how Michael Bloomberg created a service that idetified the eed for a busiess press suited to aroud-the-clock global fiacial iformatio. 4. Uderstad how Dow Joes & Compay reflects the evolutio i the US ecoomy from idustrial to iformatio ad high-techology. 5. Describe how Iter Press Services (IPS) has become a major ews agecy ad has developed ito a iovative system for itercultural commuicatio. Chapter Outlie Reuters Associated Press UPI Agece Frace Presse chapter 7 41

2 Bloomberg Dow Joes Xihua Iter Press Services Key Terms Wire service Reuters Colum priter Stockmaster Service Reuters Televisio The Iformatio Bus AP-DJ DataStream Uited Press Iteratioal (UPI) Agece Frace Presse (AFP) Bloomberg TV data scree Dow Joes & Compay (DJC) Dow Joes Idustrial Average (DJIA) Xihua Iter Press Services (IPS) Nogovermetal orgaizatio (NGO) Activities Ask studets to brig to class a ewspaper article prepared by Reuters, AP, ad Agece Frace Presse. Workig i small groups, ask the studets to compare the three differet articles (i.e. writig style, toe, laguage, etc.). Studets will share with their classmates to determie others thoughts. Ope class discussio: explai why Iter Press has had such a difficult time ifluecig major media outlets. Chart the reasos o the board; pay particular attetio to the total lack of resources i staff ad size of the Associated Press ad Reuters. Take-Home Assigmet: ask studets to watch a 30-miute segmet of the Bloomberg Report. After watchig the report, studets should write 42 chapter 7

3 a short report describig three items they liked, ad three items that they thik should be chaged ad/or modified. Test Questios Chapter 7 Multiple Choice 1) Which oe of the followig is NOT oe of the three major global ews service agecies? a. Reuters b. Associated Press c. Uited Press Iteratioal* d. Agece Frace Presse 2) I 1865, Reuters was the first wire-service compay i Europe to trasmit the ews about the assassiatio of which US presidet? a. Licol* b. Roosevelt c. Johso d. Jackso 3) I 1883, what term idetified the format used by Reuters that would eable editors to simply cut ad paste stories from the Reuters feed? a. sigle-sheet paste b. colum priter* c. copaste d. colum poster 4) The Associated Press expaded its ews services to iclude fiacial services. What compay did the Associated Press parter with to create a specialized fiacial ad ecoomic ews service? a. Charles Schwab b. Dow Joes & Compay* c. Merrill Lych d. Noe of the above chapter 7 43

4 5) What is the ame of the Associated Press s premier ews service, which delivers a etire report of world, atioal, state, ad sports ews? a. Dial-I Report b. AP Basic c. AP Stream d. DataStream* 6) Which ews service is the world s oldest ews agecy? a. Agece Frace Presse* b. Uited Press Iteratioal c. Reuters d. Associated Press 7) Which ews service has stories that cocetrate o issues such as the gap betwee rich ad poor, iteratioal trade egotiatios, huma rights, refugees ad iteratioal migratio patters, coflict ad peacekeepig, evirometal protectio ad sustaiable developmet, populatio issues, ad iteratioal debt crises? a. Reuters b. Iter Press Services* c. Associated Press d. Agece Frace Presse 8) The major ews services are all based i idustrial core atios with a extesive bureau etwork i other core atios ad early all semiperipheral atios. Sice peripheral regios lack bureaus, what is the term used for the ews crew i such regios? a. sliders b. sags c. shooters d. strigers* 9) With moder airlie trasportatio ad satellite feeds, major ews outlets dispatch reporters abroad o a crisis-by-crisis basis istead of havig a large umber of foreig bureaus. What is the term used for this practice? a. spot jouralism b. crisis jouralism 44 chapter 7

5 c. parachute jouralism* d. breakig jouralism 10) Which ews agecy rus the world s leadig supplier of iteratioal ews material for televisio? a. Associated Press b. Reuters* c. Iter Press Services d. Noe of the above 11) How may stocks are icluded o the Dow Joes Idustrial Average (DJIA)? a. 30* b. 150 c. 500 d. 7,000 True/False 12) Reuters busiess model is focused almost strictly o its ews-reportig properties. (F) 13) The Associated Press is a ot-for-profit ews cooperative, owed ad cotrolled by its member ewspapers (T). 14) Overall, the AP has had a difficult time keepig up with ew techological developmets. (F) 15) Uited Press Iteratioal cotiues to thrive. (F) 16) Today, Agece Frace Presse is successfully expadig worldwide. It remais a leader i jouralistic eterprise. (T) 17) The fouder ad CEO of Bloomberg LP, Michael Bloomberg, is also the goveror of New York. (F) 18) Dow Joes & Compay, fouded over a cetury ago, publishes the major global ewspaper of busiess, The Wall Street Joural. (T) Short Aswer/Essay The Dow Joes Idustrial Average (DJIA) cosists of a pool of 30 bluechip US stocks. List 10 stocks o the DJIA. chapter 7 45

6 The Associated Press has remaied a leader i the ews service idustry because of its ew busiess ad techological developmets. Several ew iitiatives have eabled the AP to support ad ehace its worldwide ewsgatherig. Give three examples of how the AP has doe this. What are the two problem areas that were cited i discussios of corebased global wire services? 46 chapter 7

CNN International: Role, Impact, and Global Competitors

CNN International: Role, Impact, and Global Competitors Chapter 6 CNN Iteratioal: Role, Impact, ad Global Competitors Learig Objectives 1. Explai how the Cable News Network (CNN) chaged the media format i a dramatic way. 2. List CNN s competitio a. BBC b. SKYNews