Categories: OLD Media Moves

Reuters' aversion to print

Reuters media reporter Robert MacMillan spent some time with Thomson Reuters CEO Tom Glocer and pressed him on whether the company was interested in expanding its media properties.

MacMillan writes, “I asked our chief executive, Tom Glocer, a question along these lines on a Thursday phone call he had with reporters to discuss the company’s third-quarter financial results.

“Here is what he said:

Thomson did a remarkable job, far earlier than any other company I know, of seeing what was coming and transitioning their business out of print for the most part… I don’t see any particular time or reason at this juncture why we should go the other way.

“Later on Thursday, when I interviewed Glocer, we returned to this theme. (I can’t help it, I’m a print guy.) I used the Financial Times, owned by Pearson Plc and beloved of its CEO, Dame Marjorie Scardino, as a sample target:

“Here is Glocer’s reply:

When I came to London, Marjorie was famous for saying she would never sell the FT, or it would go ‘over my dead body.’ There were many years in which the FT had fallen on harder times when people held that up as well: Marjorie has to go before the FT.

“That sounds like a ‘no’ on the FT. What about other properties?

Is it impossible that somewhere in the world that we’d take a print property and move it electronic? No, but we’re not looking to go out and buy consumer print publications. That’s not what we think our business is.”

Read more here.

Recent Posts

PCWorld executive editor Ung dies at 58

PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…

10 hours ago

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

1 day ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

2 days ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

2 days ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago