Categories: OLD Media Moves

European regulators raise issues about Reuters/Thomson deal

A Press Gazette story Tuesday notes that the proposed merger between business news wire services Reuters Plc and Thomson Corp. is raising red flags with European regulators.

The story stated, “The Commission statement explained: ‘The Commission’s initial market investigation indicates that the proposed merger would raise serious doubts as regards adverse effects on competition in several markets of the financial information sector. The decision to open an in-depth inquiry does not prejudge the final result of the investigation.’

“Commission officials now have 90 days- until February 25 next year – to rule on whether the merger of the media giants would ‘significantly impede’ effective competition in Europe, breaching EU merger rules.

“A combination of Reuters and Thomson would give Thomson a bigger stake in a market currently dominated by Reuters and Bloomberg.

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.

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John R says:
October 10, 2007 at 4:19 am
With giants talking about merger, there is always the possibility of Monopoly and small players and govts gets more concerned and protective.
I think it will be a good merger for both and they will complement each other if the business are well synchronized within a short time.