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News agencies are services which compile news and disseminate it in bulk. Because they disseminate information to a wide variety of clients, who then repackage the material as news for public consumption, news agencies tend to use less controversial language in their reports. Despite their importance, news agencies are not well known by the general public. They keep low profiles and their reporters usually do not get bylines.
News agencies, especially Reuters and the newly important Bloomberg News, convey both news stories for mass audiences and financial information of interest to businesses and investors. Bloomberg LP, a private company founded by Michael Bloomberg in 1981, made rapid advances with computerized stock market reporting updated in real time. Its news service continued to exploit this electronic advantage by combining computer-generated analytics with text reporting. Bloomberg linked with Agence France Presse in the 1990s