Categories: OLD Media Moves

Thomson Reuters to review business units

Thomson Reuters Inc.  plans to review of the company’s business units, in the latest sign the data provider is looking for ways to respond to weak demand from its financial services clients, report William Launder and Keach Hagey of The Wall Street Journal.

Launder and Hagey write, “More details are expected Wednesday, when Stephen Adler, president and editor in chief at Reuters, will address the company’s news staff in a conference call, two people familiar with the matter said. The call has been billed as an ‘editorial update’ where staff can ask questions.

“Thomson Reuters’s financial and risk division has suffered in recent years as big bank clients reduced head count and amid struggles in various European economies. The company’s Eikon financial desktop platform, launched in the wake of the financial crisis, has only recently shown signs of growth. Thomson Reuters had a total of around 61,000 Eikon desktops installed as of the end of the second quarter, up approximately 30% from a year earlier.

“Elsewhere within the company, Thomson Reuters told staff last week that it had abandoned a plan launched more than two years ago to improve its consumer-oriented news website, a project known as Reuters Next. The company cited missed deadlines and budget targets as reasons the project was canceled.”

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.

View Comments

    Recent Posts

    Pacific Business News hires Meierdiercks as editor in chief

    The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

    20 hours ago

    Sifted reporter Nowshin departs

    Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

    20 hours ago

    Variety promotes Shanfeld to TV reporter

    Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

    20 hours ago

    Klimasinska named Bloomberg’s DC breaking news team leader

    Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

    22 hours ago

    NYC event to honor Ledbetter is next week

      Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

    24 hours ago

    CoStar hires Scheier to cover San Francisco market

    Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

    24 hours ago