Categories: OLD Media Moves

Reuters news revenue up in second quarter

Reuters News revenues were $79 million in the second quarter, up 7 percent compared to the prior-year period, its parent company Thomson Reuters reported Thursday.

In the first quarter, Reuters News revenues were $75 million, up $1 million.

Jessica Toonkel of Reuters writes, “Sales in the Financial & Risk division, which accounted for about half of the company’s total revenue, outpaced cancellations for the ninth straight quarter.

“Revenue in Financial & Risk, which provides news and analytics to financial services companies, fell 2 percent to $1.52 billion as more companies that distribute content through Thomson Reuters opted to bill customers directly.

“However, some analysts fear that uncertainty around Brexit, which has rippled across global markets, could have negative implications for the Financial & Risk business.

“Forty-three percent of the Financial & Risk’s revenue is from Europe, according to estimates in a post-Brexit report by TD Securities Inc.”

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.