Sweden has one national news agency, Tidningarnas Telegrambyrå (TT), founded in 1921 after a merger of two competing agencies. It was organised as a co-operative agency owned by the Swedish newspapers to handle domestic and foreign news. During the last decade, TT has developed its services and introduced new areas of business. It also produces news for radio, television and Internet. Their photo bureau offers the main telephoto service.
There are also some minor agencies, mainly specialised in feature material on economic and cultural affairs.