In the battle of business news wires, Reuters is claiming that it has recouped some lost market share and is now “neck and neck” with rival Bloomberg, according to an article on Wednesday’s Times of London.
“According to Reuters’ calculations, this puts it on a level footing with Bloomberg, the aggressive American competitor that has stolen a march on its media rival for more than a decade.
“Providing news screens, trading terminals and data feeds to the City and other investment centres accounts for 80 per cent of Reuters’ revenues – and matching Bloomberg in this area represents a major victory for the group.”
Read the rest of the story here.
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some might say there's a correlation between the departure of ATL bureau chief and the fall of Bloomberg......im just saying......