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Jiji Press
News agency based in Tokyo, Japan From Wikipedia, the free encyclopedia
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Jiji Press Ltd. (株式会社時事通信社, Kabushiki gaisha Jiji Tsūshinsha) is a news agency in Japan.
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History
Jiji was formed in November 1945 following the breakup of Domei Tsushin, the government-controlled news service responsible for disseminating information prior to and during World War II. Jiji inherited Domei's business-oriented news operations, while Kyodo News inherited its general public-oriented news operations. In later years Jiji developed ties with UPI, the Associated Press, AFP, Reuters and other international news organizations.[1]
In 2011, Jiji reported that Olympus CEO Michael Woodford blackmailed company management into appointing him CEO in exchange for promises to cover up an accounting fraud scandal. Woodford argued that "the so-called unnamed sources at Olympus had clearly lied, [and] Jiji had without proper scrutiny and challenge simply reported those lies." Jiji later withdrew the report and apologized.[2]
In 2012, Jiji president Masahiro Nakata resigned after it was found that a Jiji writer in Washington, D.C. copied an article wired by Kyodo News.[3]
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Corporate structure
Jiji is run as an employee-owned corporation and is not publicly traded, nor does it have non-employee shareholders. Jiji has news bureaus throughout Japan and in many major cities worldwide.
Jiji is the third-largest shareholder in Dentsu, holding 5.85% of the outstanding stock (16.9 million shares) as of December 2016.[4]
References
External links
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