Mark Lee of Bloomberg News writes Thursday that cable news network CNN will stop using Reuters for coverage, according to an internal memo.
“CNN, which offers international news channels in competition against broadcasters including British Broadcasting Corp., needs to manage ‘continually rising costs’ of outside content, the e- mail said. The unit of New York-based Time Warner is also seeking greater control of its news output.
“The effort will mean ‘changes to some longstanding business relationships,’ Maddox wrote.
“CNN International will continue to use material from Associated Press and Associated Press Television News, Menon wrote in an e-mail. She declined to comment on how much the Reuters service costs.”
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I think it has to do with certain uncertainty about Raurers being in consultation with a Canadian firm for possible merger.
Also Rauter's new focus is shifting from new gathering & providing to services like Forex.
Integrity and independence are primary key of the news provider.
Reuters lost its independence after merger
I think great decision for CNN to stop Reuters services
Reuters has a lot great journalist,photographer,etc with poor corporate governance.