The National News Agency (RSS) is the only news agency in Nepal and is owned by the state. It was formed in 1963 under an act merging two privately owned news agencies. The RSS has a nationwide network of journalists and its subscribers are local media houses. Except their own bulletins, the RSS also has arrangements for exchange of news with the Associated Press (AP), Agence France Presse (AFP), Xinhua, Kyodo, Press Trust of India and Associated Press of Pakistan; and acts as local reseller of those agencies. Being state-owned, its contents reflect a biasness.