Reuters CEO: We will develop TV and website

Reuters Chief Executive Officer Andrew Rashbass addressed Reuters staff during an hour-long town hall meeting at the New York Reuters building this morning.

Kara Blomgarden-Smoke of The New York Observer writes, “Rashbass touted the organization’s business model, which relies on subscription financial news rather than consumer news, and announced a push to develop television and improve Reuters.com, the company’s existing website.

“Within a small number of weeks, Mr. Rashbass said, Reuters will have replatformed the mobile apps that were developed for Reuters Next, begin to serve video properly and redesign the website to make it look more modern.

“‘Every few weeks, the website will get better,’ he said.

“U.S. Managing Editor Brian Tracey asked what the company learned from Reuters Next.

“‘If you drive looking in the rearview mirror, you crash, really,’ Mr. Rashbass said, explaining that he doesn’t like looking backward.

“But in terms of lessons learned, Mr. Rashbass said, ‘We have to be realistic about how big projects are and then be very, very wary of projects that costs millions of dollars and take years.'”

Read more here.