Thomson buys Reuters

Toronto-based business publisher Thomson Corp has bought UK-based news and financial data service Reuters for US$17.2 billion. The merged companies will become the world’s largest provider of financial information – a position currently held by Bloomberg. According to a report at reuters.com: Reuters Founders Share Company, which has the power to block a change of ownership […]

Outsourcing journalism to cut costs

Outsourcing to reduce labour costs has caught on in many industries, and it’s happening in journalism too. The latest example is pasadenanow.com, where editor and publisher James Macpherson is recruiting a journalist based in India to cover local politics in California. The reporter will be expected to watch council meetings online and conduct interviews by phone or email. […]

Thomson and Reuters confirm takeover talks

Toronto-based business publisher Thomson Corp has confirmed it is in talks to purchase UK-based news and financial data service Reuters. The talks were first rumoured last week. According to a report at globeandmail.com this morning: If Tuesday’s proposed deal is successful, Woodbridge — the Thomson family holding company — would own about 53 per cent of […]