Categories: OLD Media Moves

CEO of Thomson Reuters division overseeing media to leave company

Devin Wenig, the chief executive of the Thomson Reuters division that oversees its media operations, is leaving the company amid a reorganization, the company announced Thursday afternoon.

Jennifer Saba of Reuters reports, “The Markets division, which serves the financial services industry, will be simplified to three business units from four to help accelerate growth, the company said. The Sales & Trading and Investment & Advisory units will be combined.

“Thomson Reuters Chief Executive Thomas Glocer will assume responsibility for the Markets division.

“Thomson Reuters, which competes with Bloomberg LP and News Corp’s Dow Jones unit, has invested heavily in new products including the next-generation desktop Eikon and high-speed data feed Elektron, which will serve as the main platforms for Markets clients.

“Thomson Reuters is scheduled to report second quarter results on July 28.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.