OLD Media Moves

Thomson Reuters opening TV studio

July 25, 2008

Simon Thiel of Bloomberg News reports Friday that Thomson Reuters has opened a television studio in its New York newsroom to bolster its multimedia operations.

Thomson ReutersThiel reports, “The studio was opened yesterday in the company’s New York newsroom, spokeswoman Victoria Brough said today via phone. The studio is part of the company’s push to expand its multimedia business, she said, declining to elaborate.

Thomson Reuters is getting set to start a business television news channel that would compete with Bloomberg LP and General Electric Co.’s CNBC, The Daily Telegraph reported earlier today. The channel will appear on the Internet and on a cable or digital platform, the London-based newspaper said, adding that the starting date may be as early as January.

“In May, New York-based Thomson Reuters told employees that while it will eliminate about 140 news positions to help reach cost-cutting goals, it will also add about 50 jobs in the news department to start new projects. The company has said it aims to bolster the multimedia business by integrating its news, video and picture operations more closely.”

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