Reuters, Dow Jones not similar
Louis Hau, the media reporter for Forbes.com, writes Wednesday that despite both Reuters Group and Dow Jones & Co. being best known for their business journalism, the companies — which are both currently acquisition targets — are much different. Hau wrote, “Reuters is best known as a news agency, but the news operations accounted for […]
Reuters/Thomson disclose potential merger details
Reuters Group Plc and Thomson Corp. would create a combined company in its proposed $17.6 billion deal that would continue to use the Reuters name for its business news service, according to details from a joint release. Reuters reporter Mark Potter wrote, “The Thomson family, which owns about 70 percent of the Canadian group, would […]
Reuters appears ready to back bid from Thomson
The British newspapers are reporting Sunday that Reuters appears ready to support a bid from Thomson to combine the two companies into one that would compete more with rival Bloomberg LP A story on the Guardian web site stated, “The Sunday Telegraph said the two parties will meet to discuss the price this week, with […]
Financial news = lucrative product
Aaron Patrick, Jason Singer and Stephanie Kang wrote in Saturday’s Wall Street Journal about the Reuters/Thomson talks and how that potential merger is indicative of the importance of financial news and information on today’s society. They wrote, “The burst of takeover activity shows that as more and more general news becomes available free online, financial information — […]
Upheaval in financial news
Steve Lohr of the New York Times writes Saturday that News Corp.’s office to buy Dow Jones & Co. for $5 billion plus Thomson’s overtures to Reuters Group Plc signal massive upheaval in the financial news business. Lohr wrote, “Financial news and information, they say, has a growing worldwide audience, and that affluent community is […]
Reuters receives takeover inquiry
Zimri Smith and Mark Herlihy of Bloomberg News report that busines news wire services Reuters Group Plc has been approached by an unidentified buyer, sending its stock up. Smith and Herlihy wrote, “Reuters has almost 17,000 employees and 196 news bureaus worldwide. Shares of the 156-year-old company had jumped 8 percent before the statement on […]
Misleading headlines drive him crazy
TheStreet.com’s Marek Fuchs points out a few headlines from recent business news stories that don’t necessarily convey what the story is about. Fuchs wrote, “Take a recent Reuters headline that got a lot of play … puh-lease. ‘Fed’s Yellen says economic downturn possible,’ yelled Reuters. “The headline is at once declarative and incredibly weak. San […]
New 30 under 30 named
NewsBios announced the 2007 NewsBios 30 Under 30 Award recipients. This select group of journalists showcases up-and-coming business and financial reporters and editors. NewsBios first honored young journalists for their exceptional work in 1987 and has since bestowed the awards in 18 of the past 20 years. (The awards were not issued in either 2005 […]
Workshop in the Middle East for business journalists
Reuters news agency and the American University of Beirut have announced the curriculum of the Business Information Academy, according to a posting on the International Journalists’ Network. The program, announced last year, aims to improve the quality of business journalism in the Middle East. As part of the program, the academy will conduct a two-day […]
Thomson planning wire service to compete with Bloomberg, Reuters
Financial Times reporter Aline van Duyn reports that Thomson Financial is planning a wire news service that would compete with Bloomberg News and Reuters. Van Duyn wrote, “Thomson Financial, part of Thomson, the electronic publishing business, is building a global network on the back of AFX, the European news service it bought for an estimated […]
