Reuters reduces minority stake in Asian News International

Reuters and Asian News International announced Wednesday that Reuters has reduced its minority interest in ANI.

The move allows Reuters and ANI to comply with India’s news and current affairs regulations, which limits foreign investment to no more than 26 percent.

In addition, ANI and Reuters News Agency renewed their content and distribution partnership. The renewed relationship enables ANI to distribute Reuters services to Indian media and allows Reuters to make ANI video and now pictures available to Reuters customers internationally via Reuters Connect.

“The Reuters and ANI partnership allows us to explore new areas of digital growth and provides Reuters international customers access to footage of a region that continues to shape the news agenda globally,” said Reuters vice president of business development and strategy Alphonse Hardel in a statement.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.