News is the communication of selected information on current events which is presented by print, broadcast, Internet, or word of mouth to a third-party or mass audience.

Etymology

One theory claims that the English word "news" developed in the 14th century as a special use of the plural form of "new". In Middle English, the equivalent word was ''newes'', like the French ''nouvelles'' and the German ''neues''. Similar developments are found in the Slavic languages – the Czech and Slovak ''noviny'' (from ''nový'', "new"), the cognate Polish ''nowiny'' and Russian ''novosti'' – and in the Celtic languages: the Welsh ''newyddion'' (from ''newydd'') and the Cornish ''nowodhow'' (from ''nowydh'').

History

Before the invention of newspapers in the early 17th century, official government bulletins and edicts were circulated at times in some centralized empires.

The first documented use of an organized courier service for the diffusion of written documents is in Egypt, where Pharaohs used couriers for the diffusion of their decrees in the territory of the State (2400 BC). This practice almost certainly has roots in the much older practice of oral messaging and may have been built on a pre-existing infrastructure.

In Ancient Rome, ''Acta Diurna'', or government announcement bulletins, were made public by Julius Caesar. They were carved in metal or stone and posted in public places.

In China, early government-produced news sheets, called tipao, circulated among court officials during the late Han dynasty (second and third centuries AD). Between 713 and 734, the ''Kaiyuan Za Bao'' ("Bulletin of the Court") of the Chinese Tang Dynasty published government news; it was handwritten on silk and read by government officials. In 1582 there was the first reference to privately published newssheets in Beijing, during the late Ming Dynasty.

In Early modern Europe, increased cross-border interaction created a rising need for information which was met by concise handwritten newssheets. In 1556, the government of Venice first published the monthly ''Notizie scritte'', which cost one gazetta. These avvisi were handwritten newsletters and used to convey political, military, and economic news quickly and efficiently to Italian cities (1500–1700) — sharing some characteristics of newspapers though usually not considered true newspapers. Due to low literacy rates, news was at times disseminated by town criers.

Relation aller Fürnemmen und gedenckwürdigen Historien, from 1605, is recognized as the world's first newspaper.

The oldest news agency is the Agence France-Presse (AFP). It was founded in 1835 by a Parisian translator and advertising agent, Charles-Louis Havas as Agence Havas.

In modern times, printed news had to be phoned in to a newsroom or brought there by a reporter, where it was typed and either transmitted over wire services or edited and manually set in type along with other news stories for a specific edition. Today, the term "breaking news" has become trite as commercial broadcasting United States cable news services that are available 24-hours a day use live satellite technology to bring current events into consumers' homes as the event occurs. Events that used to take hours or days to become common knowledge in towns or in nations are fed instantaneously to consumers via radio, television, mobile phone, and the Internet.

Newspapers

Most large cities in the United States historically had morning and afternoon newspapers. As the media evolved and news outlets increased to the point of near over-saturation, most afternoon newspapers were shut down. Morning newspapers have been gradually losing circulation, according to reports advanced by the papers themselves. Commonly, news content should contain the "Five Ws" (who, what, when, where, why, and also how) of an event. There should be no questions remaining. Newspapers normally place hard news stories on the first pages, so the most important information is at the beginning. Busy readers can read as little or as much as they desire. Local stations and networks with a set format must take news stories and break them down into the most important aspects due to time constraints. Cable news channels such as BBC News, Fox News, MSNBC, and CNN, are able to take advantage of a story, sacrificing other, decidedly less important stories, and giving as much detail about breaking news as possible.

News organizations are often expected to aim for objectivity; reporters claim to try to cover all sides of an issue without bias, as compared to commentators or analysts, who provide opinion or personal point-of-view. The result is a laying out of facts in a sterile, noncommittal manner, and then standing back to "let the reader decide" which view is true. Several governments impose certain constraints or police news organizations against bias. In the United Kingdom, for example, limits are set by the government agency Ofcom, the Office of Communications. Both newspapers and broadcast news programs in the United States are generally expected to remain neutral and avoid bias except for clearly indicated editorial articles or segments. Many single-party governments have operated state-run news organizations, which may present the government's views.

Even in those situations where objectivity is expected, it is difficult to achieve, and individual journalists may fall foul of their own personal bias, or succumb to commercial or political pressure. Similarly, the objectivity of news organizations owned by conglomerated corporations fairly may be questioned, in light of the natural incentive for such groups to report news in a manner intended to advance the conglomerate's financial interests. Individuals and organizations who are the subject of news reports may use news management techniques to try to make a favourable impression. Because each individual has a particular point of view, it is recognized that there can be no absolute objectivity in news reporting.

Newsworthiness

Newsworthiness is defined as a subject having sufficient relevance to the public or a special audience to warrant press attention or coverage.

In some countries and at some points in history, what news media and the public have considered "newsworthy" has met different definitions, such as the notion of news values. For example, mid-twentieth-century news reporting in the United States focused on political and local issues with important socio-economic impacts, such as the landing of a living person on the moon or the cold war. More recently, the focus similarly remains on political and local issues; however, the news mass media now comes under criticism for over-emphasis on "non-news" and "gossip" such as celebrities' personal social issues, local issues of little merit, as well as biased sensationalism of political topics such as terrorism and the economy. The dominance of celebrity and social news, the blurring of the boundary between news and reality shows and other popular culture, and the advent of citizen journalism may suggest that the nature of ‘news’ and news values are evolving and that traditional models of the news process are now only partially relevant. Newsworthiness does not only depend on the topic, but also the presentation of the topic and the selection of information from that topic.

New ecology of news

“Everything we thought we once knew about journalism needs to be rethought in the Digital Age”, professor of Sociology and Communication Michael Schudson points out. Today the work of journalism can be done from anywhere and done well. It requires no more than a reporter and a laptop. In that way, journalistic authority seems to have become more individual- and less institution-based. But does the individual reporter always have to be an actual journalist? Or can journalistic work be done from anywhere and by anyone? These are questions that refers to the core of journalistic practice and the definition of “news” itself. As Schudson has given emphasis to, the answer is not easily found; “the ground journalists walk upon is shaking, and the experience for both those who work in the field and those on the outside studying it is dizzying”.

Schudson has identified the following six specific areas where the ecology of news in his opinion has changed: 1. The line between the reader and writer has blurred 2. The distinction among tweet, blog post, newspaper story, magazine article, and book has blurred 3. The line between professionals and amateurs has blurred, and a variety of “pro-am” relationships has emerged 4. The boundaries delineating for-profit, public, and non-profit media have blurred, and the cooperation across these models of financing has developed 5. Within commercial news organizations, the line between the news room and the business office has blurred 6. The line between old media and new media has blurred, practically beyond recognition

These alterations inevitably has fundamental ramifications for the contemporary ecology of news. “The boundaries of journalism, which just a few years ago seemed relatively clear, and permanent, have become less distinct, and this blurring, while potentially the foundation of progress even as it is the source of risk, has given rise to a new set of journalistic principles and practices”, Schudson puts it. It is indeed complex, but it seems to be the future.

References

Further reading

Stephens, Mitchell. "The History of News - 3rd Ed" Oxford University Press, New York, 2007.

External links

Category:Television terminology

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A stock fund or equity fund is a fund that invests in equities more commonly known as stocks. Stock funds are contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital gains, although historically dividends have also been an important source of total return. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.

Stock funds can be distinguished by several properties. Funds may have a specific style, for example, value or growth. Funds may invest in solely the securities from one country, or from many countries. Funds may focus on some size of company, that is, small-cap, large-cap, ''et cetera''. Funds which involve some component of stock picking are said to be actively managed, whereas index funds try as well as possible to mirror specific stock market indices.

Fund types

Index fund

Index funds invest in securities to mirror a market index, such as the S&P 500. An index fund buys and sells securities in a manner that mirrors the composition of the selected index. The fund's performance tracks the underlying index's performance. Turnover of securities in an index fund's portfolio is minimal. As a result, an index fund generally has lower management costs than other types of funds.

Growth fund

A growth fund invests in the stock of companies that are growing rapidly. Growth companies tend to reinvest all or most of their profits for research and development rather than pay dividends. Growth funds are focused on generating capital gains rather than income.

Value fund

This is a fund that invests in "value" stocks. Companies rated as value stocks usually are older, established businesses that pay dividends.

Sector fund

A fund that invests in one area of industry is called a sector fund. Most sector funds have a minimum of 25% of their assets invested in its specialty. These funds offer high appreciation potential, but may also pose higher risks to the investor. Examples include gold funds (gold mining stock), technology funds, and utility funds.

Income fund

An equity income fund stresses current income over growth. The funds objective may be accomplished by investing in the stocks of companies with long histories of dividend payments, such as utility stocks, blue-chip stocks, and preferred stocks.

Option income funds invest in securities on which options may by written and earn premium income from writing options. They may also earn capital gains from trading options at a profit. These funds seek to increase total return by adding income generated by the options to appreciation on the securities held in the portfolio.

Balanced fund

Balanced Funds invest in stocks for appreciation and bonds for income. The goal is to provide a regular income payment to the fund holder, while increasing its principal...

Asset allocation fund

These funds split investments between growth stocks, income stocks/bonds, and money market instruments or cash for stability. Fund advisers switch the percentage of holdings in each asset category according to the performance of that group. Example: A fund may have 60% invested in stocks, 20% in bonds, and 20% in cash or money market. If the stock market is expected to do well, that could switch to 80% stocks, and 10% each in both bond and cash investments. Conversely, if the stock market is expected to perform poorly, the fund would decrease its stock holdings.

Fund of funds

"Fund of funds" implies that the assets of a fund are other funds. The other funds may be stock funds, in which case the original fund can be called "fund of stock funds". See fund of funds.

Hedge funds

"Hedge fund" is a legal structure. Hedge funds often trade stocks, but may trade or invest in anything else depending on the fund. This is done to reduce the risk of investments in stocks.

See also

Collective investment scheme

Investment management

Venture capital

* Category:Equity securities

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