Nineteenth-century newspapers, exchanges, and governments relied heavily for their daily information upon an alliance of four international telegraph services: Havas (Paris), Reuters (London), Wolff's (Berlin), and the Associated Press (New York). The connections of the wire services to financial and official circles bred suspicions that they offered privileged information and suppressed or inserted reports on behalf of special interests. Corporate and official records reveal the wire services’ reliance upon the subsidies, information, and telegraph facilities of firms and governments. As a result, world news coverage was, if not “poisoned” at the source, at least dammed up, filtered, channeled, or watered down.
MONOPOLY CAPITAL AND ITS INSULATION FROM COUNTERVAILING POWER: AMERICAN CAPITALISM REVISTED