Reuters CEO takes a pay cut
The Times of London is reporting today that Reuters CEO Tom Glocer took a 15 percent pay cut in 2005 despite profits at the business media and information company. Reporter Rhys Blakely wrote, “According to Reuters’ annual report, published today, Mr Glocer’s overall pay including bonuses fell to £1.97 million in 2005, from £2.32 million […]
Preliminary Loeb Awards meeting held Monday
The Gerald Loeb Awards for Distinguished Business and Financial Journalism held its annual preliminary judging meeting Monday at the UCLA Anderson School of Management in Los Angeles, Calif., according to this press release. So if you’ve entered this year, then your entry was probably given its first review today. This year’s preliminary judges include leading […]
Financial details of The Financial Times
Pearson Plc, the British-based parent of The Financial Times, reported Monday its year-end financial results, including details of the newspaper’s financial performance. In a combined Bloomberg News and Reuters report on the International Herald Tribune, this was reported: “At The Financial Times, sales were up 6 percent last year as the newspaper made a profit […]
Reuters posts first revenue growth since 2001
Business wire and information company Reuters reported its 2005 earnings this morning, which showed that the company had its first increase in revenue since 2001. The company also said it was expecting revenue growth of about 5 percent in 2006. Net income was also up 28 percent. Still, Reuters stock has dropped about 10 percent […]
SABEW board candidates announced
There are 10 candidates for the seven open board seats for the Society of American Business Editors and Writers. The positions will be voted on at the annual conference the first weekend in May in Minneapolis-St. Paul. Here are the 10 candidates: 1. William Ahearn, an executive editor at Bloomberg News. He is responsible for […]
MarketWatch names consumer editor, Hong Kong bureau chief
MarketWatch.com, which was purchased last year by Dow Jones, announced today that it has hired a new consumer editor and a new Hong Kong bureau chief. Angela Moore comes to MarketWatch from Reuters in New York, where she held several positions during the past seven years, most recently as deputy editor for breaking news on […]
Reuters journalists reject new contract
Things don’t look good for the talks between Reuters and its business journalists. The latest contract offer was rejected by an overwhelming — almost unanimous — margin. See the story here.
