Job cuts coming at Thomson Reuters
James Robinson of The Observer in London reports that the newly merged Thomson Reuters has confirmed in an internal e-mail that job cuts are looming. Robinson writes, “The email, seen by MediaGuardian.co.uk and sent to senior managers by Devin Wenig, the chief executive of Thomson Reuters’ markets division, which includes its 2,600-strong global news operation, […]
Thomson Reuters has challenges
Stanley Reed of BusinessWeek writes in the latest issue about the challenges facing the newly merged Thomson Reuters. Reed writes, “Glocer has made major strides in putting the two organizations together, but he may come under pressure to speed things up because of the foundering financial industry. Glocer’s mandate is to take the Thomson unit—which […]
Reuters sees the future of news in multimedia
Betty Wong, the global managing editor for Reuters News, sent a letter Sunday to attendees of the Society of American Business Editors and Writers annual conference discussing changes at the wire as a result of its merger with Thomson. Wong wrote, “We see the future of news as multimedia. We are in the process of […]
Thomson Reuters journalists fear layoffs
Patrick Smith of the Press Gazette in London writes that the 2,800 journalists at the newly combined Thomson Reuters operation are fearing layoffs. Smith writes, “Tom Glocer, CEO of the merged company, has said that news and journalism would be an ‘integral’ part of the company’s future. “A spokesperson for Thomson Reuters said: ‘There will […]
Thomson Reuters has to prove its worth
Hugh Anderson of the Financial Post writes Tuesday about how the newly merged Thomson Reuters will need to prove itself to customers and investors. Anderson writes, “So what does the slump in the shares of the combined company after they began trading mean? Some investors clearly think the Thomson Reuters advertising message amounts to unintelligent […]
Challenges ahead for Thomson Reuters
Boyd Erman of the Toronto Globe and Mail writes Friday about the challenges facing the combined operations of Thomson and Reuters, which are now one company. Erman writes, “There will be job losses, he says, though he expects them to be relatively minor because there’s little overlap (with the possible exception of real estate). Getting […]
Thomson Reuters the result of a metamorphosis
Ian Austin of the New York Times writes Thursday about how Thomson Corp. has remade itself by focusing on data and information that people need for their jobs, a strategy that comes complete with the Reuters acquisition. Austin writes, “Thomson’s desire to raise its public profile as it completes the $16.6 billion transaction is partly […]
Thomson Reuters: Day One
Rafat Ali of PaidContent.org writes Wednesday about the newly combined Thomson and Reuters operations, which makes it the largest business media company in the world. Ali writes, “The new logo is the orange one you see on the right, and the new joint company site is up as well. The company is defining itself as […]
Thomson acquisition of Reuters to close next month
Lisa LaMotta of Forbes.com writes that the Thomson Corp. acquisition of Reuters will close on April 17. Shareholders of both companies approved the deal on Wednesday. LaMotta writes, “The integrated company, Thomson-Reuters will be the largest entity in the financial-data area with approximately 34.0% of the market share. Bloomberg, a privately-held information service, has 33.0% […]
Criticism of Cramer has deep roots
Alice Gomstyn of ABC News reports that the recent criticism of CNBC “Mad Money” host Jim Cramer in relation to what he said or didn’t say about Bear Stearns has exposed deeper concerns. Gomstyn wrote, “Snark aside, concerns raised by industry veterans and investment advisors take the long view of Cramer and his impact on […]
