Tag Archives: Thomson Reuters

Peter Lauria

BuzzFeed hires Reuters reporter Lauria to start biz section

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Reuters media reporter Peter Lauria has been hired by BuzzFeed to start its business section, reports Keach Hagey of The Wall Street Journal.

Hagey writes, “The move, which Buzzfeed plans to announce Monday, is part of the company’s attempt to expand beyond Facebook and Twitter into business-focused online communities such as LinkedIn.

“‘There is increasingly this big, social conversation around business content that people are sharing and reading, and we want to be in it,’ said Ben Smith, the editor in chief of BuzzFeed.

“BuzzFeed was launched in 2006 by former Huffington Post co-founder Jonah Peretti around the idea of making stories that people would be moved to share with their friends on social networks. Its advertising model is based on the same idea, eschewing banner ads in favor of sponsored content that is also designed to be shared on Facebook and Twitter. For news content, this model places a heavy premium on originality—scoops and humor.

“The new section continues the rapid expansion of BuzzFeed, which has more than tripled its Web traffic in the past two years to more than 14 million monthly unique visitors, according to comScore. BuzzFeed’s internal count puts its traffic at more than 40 million unique visitors a month.”

Read more here. Here is a Q&A that Talking Biz News did with Reuters just last month.

dan-colarusso

Reuters video head talks the value of digital

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Andy Plesser of BeetTV.com interviewed Dan Colarusso, Reuters‘ global head of programming, about its digital video strategy.

The former video head at Bloomberg News explains how short form video works well for mobile; the value live streaming Reuters programming on Ustream; and more about the company’s monetization strategy.

Reuters

Reuters deputy social media editor charged by Justice Department

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Matthew Keys, a deputy social media editor at Thomson Reuters, has been charged in a federal indictment for allegedly conspiring with members of the hacker group “Anonymous” to hack into a Tribune Company website, the Justice Department announced.

Dylan Byers and Josh Gerstein of Politico write, “Keys, a former web producer for the Tribune Co-owned television station KTXL FOX 40, in Sacramento, Calif., was charged with providing members of the group with log-in credentials for a computer server belonging to the Tribune Co., according to the DoJ’s press release.

“‘According to the indictment, Keys identified himself on an Internet chat forum as a former Tribune Company employee and provided members of Anonymous with a login and password to the Tribune Company server,’ the DoJ press release reads. ‘After providing log-in credentials, Keys allegedly encouraged the Anonymous members to disrupt the website. According to the indictment, at least one of the computer hackers used the credentials provided by Keys to log into the Tribune Company server, and ultimately that hacker made changes to the web version of a Los Angeles Times news feature.’

“‘If convicted, Keys faces up to 10 years in prison, three years of supervised release and a fine of $250,000 for each count. The indictment also contains a notice of forfeiture provision for property traceable to the offense,’ the press release states.

“The Tribune Company declined to comment; we’ve reached out to Keys and Reuters, as well.”

Read more here.

Bloomberg website

Bloomberg passes Reuters online

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Bloomberg News now has more visitors to its website than rival Reuters, reports Douglas McIntyre of 24/7WallSt.com.

McIntyre writes, “According to February comScore Inc. data, monthly unique visitors to Bloomberg sites reached 11.7 million. The Reuters number was 11.3 million, about the same as CNNMoney’s.

“The gain in Bloomberg is unexpected in many quarters. Its website is barely a website at all by current standards — hardly more than a collection of headlines. The Bloomberg BusinessWeek site at least carries the hallmarks of a site that has benefited from some design elements and thoughtfulness toward the reader.

“The Reuters primary site, on the other hand, is photo and video rich, and designed for broad consumer access. It bristles with social media features meant to draw traffic from the Web 2.0 universe.

“The move of Bloomberg to its current perch might be attributed to it huge news gathering organization, made up of hundreds and hundreds of reporters, writers and editors around the world. This force has as its primary goal to create content for Bloomberg terminal subscribers who make up almost all of the company’s revenue. The Bloomberg sites get a tremendous benefit from this news enterprise.

“The competition between Bloomberg and Reuters has played out almost completely in the terminal sales business, in which Bloomberg has taken more than a modest lead. Observers often have questioned why the two companies have any substantial presence on the consumer Internet at all, and the industrywide drop in adverting rates makes the question more pertinent.”

Read more here.

Walden Siew

Reuters journalist resigns from SABEW board

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Walden Siew, a business journalist at Reuters, has resigned from the board at the Society of American Business Editors and Writers.

Siew joined Reuters in August 2006 to cover credit markets and was a 2008 Gerald Loeb and National Journalism awards nominee for his reports on the global credit crisis. He is also a member of the Asian American Journalists Association.”

“The executive board knows, and it’s due to my job is ramping up,” said Siew in an email to Talking Biz News. “You can say it’s to focus on my global markets forum project.”

Siew also is a past winner of SABEW’s Best in Business award; the Deadline Club; the Detroit Press Club’s International Wheel Award (all in 2006); the Virginia Press Association (1998); and the Keystone Press Award (1995). As a Freeman Foundation fellow at George Washington University, he focused on China studies. He is a graduate of Northwestern University’s Medill School of Journalism and Boston University, where he majored in international relations.

“I am helping SABEW find a replacement, and I’d like to find a diverse candidate if possible to fill the board spot and maybe chair the diversity committee,” said Siew. “If you have any ideas for good candidates, please let me know.”

SABEW will elect new board members next month at its annual meeting in Washington, D.C.

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Caren Bohan

Reuters brings back Caren Bohan

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Reuters Washington bureau chief Marilyn Thompson sent out the following staff announcement on Tuesday afternoon:

It gives us great pleasure to announce that Caren Bohan is returning to Reuters as Domestic Policy Correspondent.

Caren left us last year – not long after her starring role at the White House Correspondents Dinner – to become Managing Editor for Policy at National Journal. At Reuters, she had been an important part of our White House team, covering the Obama and Bush administrations. She wrote about international summits, the federal budget, the war in Afghanistan and the Arab Spring. In 2008, she was the lead correspondent for Reuters covering Barack Obama’s presidential campaign.

In her new role at Reuters, Caren will work with our domestic policy team to write about issues that bring together the White House, Capitol Hill and federal agencies. She will work daily stories and help us steer longer-term enterprise projects.

Caren is a natural leader whose years in Washington have earned her wide respect. She served as president of the White House Correspondents’ Association from July 2011 to July 2012.

Born in Boston, Caren earned a B.A. in English Literature at McGill University and holds a masters degree in journalism from the University of California, Berkeley. Earlier in her career, Caren covered economic policy and financial markets for Reuters, first in New York and then in Washington.

She will return to the bureau on April 15. Please join us in welcoming her.

david-greising-12

Reuters hires Greising to run Midwest bureau

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Longtime business journalist David Greising has been hired to run the Reuters’ Midwest bureau.

Sandra Guy of the Chicago Sun-Times writes, “At Reuters, Greising replaces Peter Bohan, who will focus full-time on the newswire’s Americas Service, a general news file sent to clients in the United States.

“Greising, a Chicago native and graduate of Indiana’s DePauw University, spent 11 years at the Tribune where he broke stories on the United Airlines bankruptcy, a scandal at Florsheim that cost the CEO his job, scandalous losses at Motorola and a series on problems in developing a global supply chain for Boeing’s 787 Dreamliner.

“After the Tribune, Greising worked as managing editor and general manager of the Chicago News Cooperative, leading a news team that produced a Chicago section for The New York Times.”

Read more here. Greising also worked for BusinessWeek in its Chicago and Atlanta bureaus.

Reuters

Guild, Reuters settle remaining PIP disputes

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The Guild and Thomson Reuters management last week settled all of their remaining PIP-related disciplinary disputes, bringing to a close, at least for now, a year-long saga that touched the lives and careers of 33 journalists, and unsettled hundreds more.

The fight over performance improvement plans led to the departure of Supreme Court reporter Jim Vicini and Washington senior economics correspondent Glenn Somerville, among others.

Under the agreement, verbal warnings that were given in 2012 to 15 journalists immediately before they received PIPs (performance improvement plans), will expire on their anniversaries this year if no further discipline is issued to them during the one-year period. Once expired, a verbal warning cannot be used as basis for a more severe reprimand, like a written warning, in the step-by-step path to termination known as progressive discipline.

The agreement, reached on Valentine’s Day as an arbitrator was about to hear the first of the 15 cases, says that an employee whose verbal warning expires may “without consequence, state that he or she has not received a verbal warning.” Normally, verbal warnings never expire under company policy, although their usefulness as a management stepping stone to more severe discipline diminishes greatly after a year. Under company policy, no records of verbal warnings are kept in personnel files, although employees’ supervisors normally keep their own records.

If any of the 15 journalists receive additional discipline (which would have to be based on something other than failing to meet PIP or appraisal goals) within the one-year period, the original verbal warning would remain in place, but the Guild would be free to challenge it along with the additional discipline.

“We think this settlement will help employees and their supervisors put this episode behind them without in any way impeding the Guild’s ability to defend its members in case things don’t turn out the way we hope,” said New York Guild Secretary-Treasurer Peter Szekely.

Read more here.

Thomson Reuters logo

Thomson Reuters cutting jobs as profit rises

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Thomson Reuters, the parent of the Reuters news service, plans to cut up to 4 percent of its workforce, or 2,500 jobs, while its profit rises.

Jennifer Booton of Fox Business writes, “The company said on Wednesday that it expects to spend about $100 million on severance costs, predominantly in the first quarter. A majority of the cuts will take place in its finance and research division.

“Shares of Thomson Reuters slumped 2% in morning trade.

“The New York–based publishing and financial services giant said its turnaround is about halfway complete and remains on track, which includes simplification across the business, improved transparency, disciplined spending and leadership transformation.

“The overhaul efforts position Thomson Reuters to ‘build a foundation for stability in 2013 and profitable growth in 2014.’ The company said net sales will gradually improve with product rollouts, customer service improvements and consolidation.

“The announcement comes as Thomson Reuters posts fourth-quarter operating profit of $658 million, up 2% from $646 million a year ago.

“Excluding one-time items, it earned 60 cents a share, topping average analyst estimates of 55 cents in a Thomson Reuters poll.”

Read more here. Talking Biz News wrote about the job cuts in editorial last month.
Jim Roberts

Roberts named executive editor of Reuters digital

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Chrystia Freeland,  Digital Editor of Reuters, sent out the following staff hire announcement on Tuesday:

 

I am delighted to announce that Jim Roberts will join us on February 25th as Executive Editor, Reuters Digital. In this newly created role, Jim will report to me and oversee the editorial work of Reuters.com and our global family of Reuters websites, our opinion team and our online video operation. Jim, who was a masthead editor at the New York Times, brings to this role a unique and ideal combination of new and traditional media skills and experience.

Since 2006, Jim has been the Times’s chief digital editor and evangelist, first in the role of Editor of Digital News, and most recently as an Assistant Managing Editor. He led a vast expansion of NYTimes.com from 2006 to 2009, and helped build and lead a team of multimedia experts that has two Emmy Awards and one Peabody to its credit. His passion for news brought energy and urgency to the homepage of NYTimes.com, through breaking news stories like the financial meltdown and recession, the Haiti earthquake and the Arab Spring uprisings, as well as the Times’s ongoing digital coverage of the 2008 and 2012 presidential campaigns.

Jim was an early champion of social media. Jim was a strong advocate for the development and promotion of New York Times video and helped lead the buildout of live video coverage of the 2012 campaign.

Before joining the Times’s digital team, Jim was National Editor of the New York  Times and the paper’s national political editor during the 2000 campaign. He also worked as an editor on the Times’s metropolitan and sports desks. Before joining the Times, he worked in a variety of reporting and editing jobs in Richmond, Va., Baltimore and Dallas.

Please join me in welcoming Jim to Reuters and if you’d like you can join his more than 80,000 Twitter followers @nycjim.