News eventually the Telegraph Agency of the Soviet Union (TASS). The Chinese Communist Party created its news agency, the Red China News Agency, in 1931; its primary responsibilities were the "Red China" newspaper and the internal "Reference News". In 1937, the Party renamed the agency "Xinhua", New China. Xinhua became the official news agency of the People's Republic of China in 1949. These agencies touted their ability to distill events into "minute globules of news", 20–30 word summaries which conveyed the essence of new developments. Unlike newspapers, and contrary to the sentiments of some of their reporters, the agencies sought to
News agency production of images and photos, the demand for which is constantly increasing. In France, for example, they account for over two-thirds of national market. News agencies can be corporations that sell news (e.g., Press Association, Thomson Reuters and United Press International). Other agencies work cooperatively with large media companies, generating their news centrally and sharing local news stories the major news agencies may choose to pick up and redistribute (i.e., Associated Press (AP), Agence France-Presse (AFP) or American Press Agency (APA)) and Indian Press Agency PTI. Governments may also control news agencies: China (Xinhua), France (Agence France-Presse), Russia (ITAR-TASS), and