Reuters is shaking up its efforts to provide more industry-specific news outside its core markets business, reports Andrew Edgecliffe-Johnson of the Financial Times, with its appointment of Stephen Adler as its new editor in chief.
Edgecliffe-Johnson writes, “The shake-up comes as Bloomberg has moved aggressively into the market for legal information and news, challenging Thomson Reuters’ Westlaw. News Corp has also sought to use Dow Jones’ newswires to develop professional editions around the flagship Wall Street Journal.”
Mr Adler said he hoped to use the professional divisions’ databases more often for developing stories for the 2,900-strong Reuters News service. Early efforts in this area have included mining Reuters’ legal data for insider trading sentencing details and assessing how often mistrials have been caused by jurors discussing cases on social media sites.
“Mr Glocer said the appointment of a relative outsider to the top editorial job in the company showed ‘not everything has to be invented here,’ noting the company’s 2009 acquisition of Breakingviews.”
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