News
Both general off line and online publications carry the latest news stories. Getting the latest news stories can be expensive and however large a news publication may be, it is not possible for it to send their own correspondence to cover a story. They overcome this drawback by using the services of a news agency.
A news agency has journalists affiliated with it who supply news stories which are distributed to various media like newspapers, magazines, television, radio and websites. They are also called wire services or new services. Most off line media organizations pay a fee (either fixed annual or a royalty per story) to the news agencies for using the news stories.
With the advent of the internet, the revenue model has changed, and news aggregators pay publishers a share of the advertising revenues for using their news feed.