The Thomson Reuters Foundation plans to close almost all of its award-winning news operation next month after nearly 30 years.
A story on The Baron reports, “Sources told the Baron that around a dozen journalists working for Context News were told about the decision by TRF CEO Antonio Zappulla at a staff meeting last week.
“Seven of the journalists work in overseas bureaux and the rest in London. Around eight contractors also work for Context.
“The Foundation is the charitable arm of Thomson Reuters.
“The journalists would be made redundant or redeployed if possible within other parts of the Foundation or Reuters News, except for a small group of three who would continue until the end of 2027 on a project funded by one donor, the sources said.
“They added that although the Foundation receives substantial funding from Thomson Reuters, additional finance from donor organisations had gradually dried up and Context had been contracting for some time, despite investment in a new website, increased social media coverage and rebranding.”
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