The story
DNS was founded in 1968 by young journalists Michael Morrow, Dan Derby, Emerson Manawis, and actor Richard Hughes. The affiliated Dispatch News Service International was incorporated in Manila, Philippines in 1968; the incorporators were Morrow, Emerson Manawis, Mariano D. Manawis, Josefina A. Manawis, and Emilie A. Manawis.
The agency was forced to close in 1973 when it "failed to find adequate financial support for [its] operations."
From Wikipedia’s article on Dispatch News Service, shared under CC BY-SA 4.0.3