Powerful and influential
"We need a reliable sponsor," Max answered taking a glance at all the curious people around him. For any news agency to be opened, it had to go through a lot of procedures one of them is getting a good sponsorship. This was necessary for the workers to get adequate funds to do their work as well as to maintain the authority and decorum in the organization.
Usually, the people who owned the news agencies were powerful men who could suppress or publish any news as they desired. This was the case in most of the press organizations. Even if they were not the owners, some of the powerful people like businessmen, government officials and celebrities had shares in them and thus indirectly controlling them. Most of the time, the person who owned the agency could do nothing but follow the shareholders' decisions even if it meant going against their own principles.