Reuters, Thomson confident of merger approval
Thomson Corp.’s proposed $17 billion acquisition of Reuters Group PLC should receive regulatory clearance early in the second quarter of 2008, both companies said in a statement on Monday, according to an AP story. AP wrote, “The new timetable is a slight delay — the pair had said in mid-December that the deal was expected […]
FT CEO: Enough with the WSJ competition
Reuters reporter Robert MacMillan talked Tuesday with Financial Times CEO John Ridding and posted an excerpt of the interview on the Media File blog. Here is an excerpt: Q: What about the threat of a Murdoch-led Wall Street Journal? A: This idea of kind of a zero-sum game showdown between two kinds of publications, I […]
Thomson Financial gears up U.S. business and markets coverage
While its parent company works on finalizing its deal to acquire Reuters, Thomson Financial has been building a team of reporters and editors to cover the U.S. stock market and launched coverage for European and Asian customers in October, reports Michael Baron, co-managing editor of U.S. equities. Baron told Talking Biz News: “We’re building a […]
Zannino still has his fashion sense
Kenneth Li of Reuters writes Thursday that corporate gadfly Evelyn Y. Davis testing the fashion skills of outgoing Dow Jones & Co. CEO Richard Zannino, who used to work at Liz Claiborne and earlier at Saks, at the shareholders meeting to vote on the sale of the parent of The Wall Street Journal to News […]
Reuters to supply FT.com with video
Katie Allen of The Guardian newspaper in London reports Thursday that Reuters will begin supplying video to The Financial Times‘ Web site. Allen wrote, “Reuters already supplies photographs, world news and business news to FT.com. It recently signed a three-year deal to be the Pearson-owned newspaper’s major data provider. Its currency rates, company profiles and […]
NYT wants Reuters business news
Dan Sabbagh, media editor of The Times of London, reports Tuesday that the New York Times is negotiating with Reuters to have it provide business news coverage to the paper in a bid to thwart increased competition from The Wall Street Journal. Reuters and New York Times property The International Herald Tribune struck a similar […]
Microsoft to provide ads for CNBC.com
Reuters reports Monday that Microsoft will be the exclusive provider of display and contextual advertising for the Web site of business news channel CNBC. Reuters stated, “The agreement takes effect immediately, with Microsoft delivering contextual ads, which are based on what the user is viewing, for CNBC.com later this month. Display ads will start in […]
Reuters strikes deal with International Herald Tribune, replacing Bloomberg
The International Herald Tribune said Monday it will transform its financial section online and in print beginning in January by forging an alliance with the news agency Reuters, according to a story by Doreen Carvajal in the IHT. Carvajal wrote, “The daily business section of IHT.com and the print editions – which will be renamed Business with […]
Reuters results being affected by economy
Aaron Patrick of The Wall Street Journal writes Tuesday that business news and data company Reuters, which is merging with Thomson, is likely to see lower earnings in the next few years because of the credit crisis. Patrick wrote, “If the Reuters business goes into a downturn, Thomson’s share price would likely suffer. It also […]
Women exerting more influence in business journalism
Dean Rotbart, the editor of TJFR Business News Reporter 2.0, writes that women are becoming more influential in the world of business journalism. Examples include Portfolio editor Joanne Lipman, Betty Wong of Reuters and Becky Bisbee, the business editor of the Seattle Times. Rotbart wrote, “Like sports journalism, business journalism was long the near-exclusive bastion […]
