Eleven seek six SABEW board seats
Eleven candidates are running for six vacant seats on the Society of American Business Editors and Writers’ board of governors. The top six vote-getters will serve three-year terms, beginning at the group’s annual meeting in Baltimore on April 28. The candidates and their respective media outlets are Kathy Brister, Atlanta Journal-Constitution; Cliff Cumber, Frederick News-Post; […]
Reuters profit falls in last earning as separate company
Reuters reported Thursday that its 2007 earnings fell in what is likely to be its last earnings release as a separate company before it is acquired by Thomson. Simon Thiel of Bloomberg wrote, “The number of Reuters’s most expensive terminals in use increased to 124,000 at the end of 2007 from 112,000 a year earlier. […]
Some Reuters journalists may lose jobs after merger closes
Dominic Ponsford of the Press Gazette in London writes Monday that some Reuters journalists may lose their jobs after the company is acquired by Thomson later this year. Ponsford wrote, “When asked whether this would mean editorial cuts, [editor in chief David] Schlesinger said: ‘Reuters has 2,400 journalists and after the companies come together there […]
China's financial news rules face challenge
The European Union launched a formal case at the World Trade Organization against China over its rules governing foreign financial-news organizations and the U.S. was expected to make a similar complaint later Monday, write Rebecca Blumenstein and Jason Dean of The Wall Street Journal. Blumenstein and Dean wrote, “China issued new rules in September 2006 […]
Regulators clear Thomson's takeover of Reuters
The European Commission has given conditional approval to Thomson Corp. to acquire Reuters, according to a Reuters story. The story stated, “The EU executive said the deal as proposed had raised concerns about so-called ‘aftermarket broker research reports’, which provide data such as financial statements, financial ratios and earnings per share. “It said the deal […]
New view of company data on SEC web site
The Securities and Exchange Commission unveiled a Web site on Friday that lets investors launch charts and graphs to probe the financial data of a select group of companies that have signed on to the agency’s interactive data push, according to a Reuters story. The story stated, “The SEC’s new Financial Explorer site, reached via […]
CNET shares rise amid speculation of Google offer
Shares of media company CNET Networks Inc., currently battling dissident shareholders who want to expand its board, soared more than 7 percent on Friday, on speculation that Google Inc might be interested in acquiring a stake in it, according to a Reuters story. CNET operates a tech news service, as well as other news operations. […]
Disney coverage accentuates the negative
TheStreet.com’s media critic Marek Fuchs writes Wednesday that the Associated Press, the Economist and even TheStreet.com overplayed the bad news regarding Walt Disney Co.’s earnings on Tuesday. The Wall Street Journal did better, while the Reuters story was perfect, he added. Fuchs wrote, “To the Business Press Maven’s eye, Gina Keating over at Reuters did […]
Reuters media reporter moves to WSJ
Robert MacMillan, who has covered the media business for the Reuters news service, is leaving for a similar job at The Wall Street Journal, according to a post on the Jossip web site. The note stated, “In an email to colleagues, he writes that he’s becoming ‘their publishing beat reporter, which means I will continue […]
Reuters off to a good start in 2008
Reuters Group expects to deliver strong 2007 results and has seen a good start to 2008 with no signs of major weakness in the United States, Chief Executive Tom Glocer said Friday, according to a Reuters story. The story stated, “‘I’ve been calling for a signature year … and I’m very confident we’ll have and […]
