Is Adler of Reuters on the hot seat?

Stephen Adler

Keith Kelly of the New York Post writes that Reuters editor in chief Steve Adler may be on the hot seat in the wake of Reuters CEO Andrew Rashbass killing the Reuters Next project.

Kelly writes, “Added another veteran, ‘I might be looking over my shoulder if I were Steve Adler.’

“Another well-connected source said, ‘I don’t think his job is in jeopardy, but he is going to be under tremendous pressure to cut costs.’

“Rumblings that there may be a new round of bloodletting have circulated for months. One source said it would not surprise him if the 2,700-person editorial staff was chopped by several hundred by year end.

“‘If they are going to do it, this is the season, although we haven’t heard anything yet,’ said Peter Szekely, the secretary-treasurer of the Newspaper Guild, who had earlier in his career worked at Reuters.

“A Reuters spokeswoman insisted the move to shut down Next did not impact Adler’s role whatsoever.

“‘The Next development is exactly what Andrew said it was — an ambitious project that did not meet its deadlines or budgets. It had nothing to do with editorial quality or Steve Adler and his team.'”

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.