Reuters parent reports revenue increase, profit decline
Thomson Reuters reported Tuesday a decline in net income due to increased software amortization but an increase in revenue. Robb M. Stewart of The Wall Street Journal reports, “Revenue from Thomson Reuters legal professionals segment was up 9.3% at $788 million and revenue from its corporates business rose 11% to $544 million. Revenue from services for […]
How the WSJ vetted its Theranos investigation
Jay Conti, the lead lawyer on The Wall Street Journal’s coverage of the Theranos blood-testing company a decade ago, shared what it was like to vet the investigation. He noted that Theranos’ attorneys sent the newspaper a 23-page letter about its coverage. “We had off and on conversations for a few months,” said Conti about […]
FT reports 5% revenue growth in 2025
The Financial Times Group continued its run of record revenue in 2025, growing by 5% to £566m, reports Charlotte Tobitt of Press Gazette. Tobitt reports, “Operating profit grew by 23% to £51.8m year on year. “FT Group has grown revenue every year since 2017 with the exception of the Covid-hit year of 2020. “These global figures were […]
Judge denies energy company request to block coverage
An Arkansas federal judge on Wednesday denied a request by an energy company to temporarily block the Arkansas Democrat-Gazette from publishing additional details from confidential documents, reports CNBC’s Dan Mangan. Mangan reports, “The company, Entergy Arkansas, also had asked Judge Lee Rudofsky to order that the Democrat-Gazette remove from its website information in an article published on Monday […]
WSJ seeks a Tesla reporter
The Wall Street Journal is looking for an ambitious reporter to cover the companies aiming to transform the automotive industry, including Tesla, the autonomous and electric vehicle startups, and Elon Musk’s network of companies. We are witnessing a profound structural shift in mobility. Legacy automakers are locked in a contentious pivot to electrification and autonomy, […]
Arkansas Democrat-Gazette seeks Walmart and retail reporter
The Arkansas Democrat-Gazette, the state’s leading news organization, is seeking a reporter who will aggressively cover Walmart, the second largest company in the world, as well as the larger retail industry. We aren’t looking for someone to regurgitate press releases or take spoon-feeding from flacks. We are looking for a dogged journalist who will relentlessly […]
Reuters parent reports higher earnings
Thomson Reuters, the parent of the Reuters news service, reported a 9% rise in second-quarter revenue on Wednesday, boosted by its three biggest business segments — legal, corporates and tax and accounting, reports Kenneth Li of Reuters. Li reports, “Thomson Reuters said its second-quarter revenue rose to $1.95 billion, edging past estimates of about $1.9 billion. It […]
FT hires Hamer as editor on companies desk
The Financial Times has hired Alex Hamer as an editor on the FT’s companies desk with a focus on energy and mining. He previously was a reporter and a news editor at Investors Chronicle in London. Hamer also worked as a reporter at Mining Journal. He is a graduate of Monash University.
eBay to pay journalists $56 million in stalking case
eBay and three executives have agreed to pay two Massachusetts journalists $56 million to settle a stalking case, reports David Streitfeld of The New York Times. Streitfeld reports, “In the spring of 2019, eBay was under pressure from an activist hedge fund. A handful of Ms. Steiner’s articles, including one about a bar Mr. Wenig had built […]
When a media company files a police report against a reporter
Ridhi Setty of Columbia Journalism Review attempts to get to the bottom of a myriad of companies that include the International Business Times who owe contributors tens of thousands of dollars. Setty writes, “The people with whom I spoke—nine in total, journalists and others, all of whom had been independent contractors, until they stepped away—told me […]
