Monday, April 7, 2008

International Wire Agencies

One thing that struck me about the reading from "Global Communications" was the lack of competition in the wire service industry. The fact that there is only one major wire service operating in the United States is surprising given the rising level of competition across media forms in the United States today.

This fact begs the question of what role the Internet will play in defining the future of these wire services. With UPI beginning an online-only presence, can they become a viable competitor to the AP? Is there enough of a market for an Internet-only provider?

Ethical questions are posed as well by these issues. Is it right that only one company dominates the wire industry in the United States and is such a large supplier of news to a vast amount of news companies?

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