The Associated Press (AP) is a U.S.-based not-for-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. The AP is owned by its contributing newspapers and radio and television stations in the United States, all of which contribute stories to the AP and use material written by its staff journalists. AP's mission is to inform the world with accurate, fair, unbiased reporting. Its Statement of News Values and Principles spells out its standards and practices.