Keith Kelly of the New York Post writes that Reuters editor in chief Steve Adler may be on the hot seat in the wake of Reuters CEO Andrew Rashbass killing the Reuters Next project.
Kelly writes, “Added another veteran, ‘I might be looking over my shoulder if I were Steve Adler.’
“Another well-connected source said, ‘I don’t think his job is in jeopardy, but he is going to be under tremendous pressure to cut costs.’
“Rumblings that there may be a new round of bloodletting have circulated for months. One source said it would not surprise him if the 2,700-person editorial staff was chopped by several hundred by year end.
“‘If they are going to do it, this is the season, although we haven’t heard anything yet,’ said Peter Szekely, the secretary-treasurer of the Newspaper Guild, who had earlier in his career worked at Reuters.
“A Reuters spokeswoman insisted the move to shut down Next did not impact Adler’s role whatsoever.
“‘The Next development is exactly what Andrew said it was — an ambitious project that did not meet its deadlines or budgets. It had nothing to do with editorial quality or Steve Adler and his team.'”
Read more here.
