Deutsche Presse-Agentur GmbH (DPA; "German Press Agency") is a German news agency founded in 1949. Based in Hamburg, it has grown to be a major worldwide operation serving print media, radio, television, online, mobile phones, and national news agencies. News is available in German, English, Spanish, and Arabic.

Based on that paragraph can we conclude that this sentence is true?
DPA was established at nearly the midpoint of the 20th century.