Reuters leads the industry in international financial data transfer Reuters helps to lead the way in transmitting market quotations by computer. Thomson newspapers expand foothold to the UK Thomson acquires the Kemsley Group — a UK publicly listed company comprising national and regional newspapers, including The Sunday Times — and merges them with Scottish Television and The Scotsman newspaper. By this time Roy Thomson owns the largest number of newspapers of any Canadian group.
The Reuters Trust Principles were put in place to safeguard its independence. The principles govern how the company conducts business, committing Reuters to independence, integrity and freedom from bias in the gathering and dissemination of news and information. West Publishing is founded The company is founded by John B.
West and his brother Horatio in in St. Paul, Minnesota. Paul Julius Reuter founds a media empire A German-born immigrant, Paul Julius Reuter arrives in London from Aachen where he has been running a news and stock price information service.
Using a combination of technologies — including telegraph cables and a fleet of carrier pigeons that grows to exceed — Reuter establishes an enviable reputation for speed, accuracy, integrity and impartiality.
In Reuter opened an office with the help of an 11 year-old office boy at 1 Royal Exchange Building in London's financial centre, located close to the main telegraph offices. Using his "telegraph expertise," he transmits stock market quotations and news between London and Paris over the new Dover-Calais submarine telegraph cable.
Home About Us Company history. Company history. Reinventing TV news for the digital age In a groundbreaking innovation for consumers, advertisers and publishers, Thomson Reuters launches Reuters TV — video news when you want it, where you want it, made to fit your day and your device. From a public health point of view, the pandemic may not end for another 18 months or more. Both online news sites and television news programmes have seen a surge in audience attention as people seek to understand the pandemic, what is being done about it, and what they can do themselves.
However, many of the independent news media people rely on will themselves nonetheless be at risk during this crisis. Existing forces of creative destruction already rippling through the industry are now compounded by the unwelcome arrival of a pandemic that those of religious disposition may see as little less than one of the four horsemen of the apocalypse.
We already know that ever-more intense competition for attention, advertising, and consumer media spending especially from platform companies has disrupted the traditional business of news and driven a polarization between a few winners and a lot of losers in the legacy media industry and digital-born news media face much the same pressures as legacy ones, with some succeeding but many struggling.
On top of those situations, we now face the short-term and long-term impact of a global pandemic. The short answer is: bad things will happen. The slightly longer answer is that this will play out differently from country to country, and company to company.
With some rough estimates based on UK newspaper industry data, we can get a better sense of the immediate impact on revenues and employment. I will focus on newspapers not out of sentimental affection for words on dead trees, but because the newspaper industry still accounts for the majority of investment in original reporting. I want to underline this is not a rigorous analysis or formal modelling, but illustrative, indicative numbers to help people in the profession and in the industry think about what may happen next.
Precise figures are not always available. But based on public data produced for Ofcom and the Cairncross Review , newspapers account for about two-thirds of investment in news provision in the UK. The split between advertising and circulation is about fifty-fifty. Advertising revenues are taking a massive blow. Online advertising revenues are further challenged by advertisers blacklisting coronavirus-related stories and by some platforms at least temporarily demonetizing coronavirus-related content.
Reader revenues are harder to predict. With a huge spike in traffic, and everyone reminded of the importance of independent credible information, at least trusted brands should have an opportunity to engage new subscribers, and some in the US have said they are seeing a surge in new subscriptions. But at the same time digital news subscriptions tend to be a winner-takes-most market , so not everyone will benefit from this, and some brands, like the Financial Times , have made some of their coronavirus stories free to access to help inform the wider community.
If the pandemic lasts 18 months or more, will news about it remain free for the duration of the crisis? Offline, print still drives a large part of reader revenues, and the distribution system and single copy sales will be under immense pressure during lockdown and social distancing.
Other revenues vary a lot in both volume and importance for different publishers, and there is little consistent data available. But take the events business, which many publishers have been expanding, and some are based on.
So in the short run, we are likely to see huge declines in advertising revenues, probably declines in reader revenues for many titles though some may, over time, see an uptick , and declines in many other streams of revenue. Even leaving aside the impact on broadcasters and independent community news, the impact on newspapers alone could mean a loss of something like ten percent of all front-line journalistic jobs in the UK.
What happens next? Of course, a lot depends on the length and severity of the pandemic. The UK economy, for example, is already in recession, and the only question really is how bad it will be and whether it will be a severe recession or turn into a full-scale depression with years of economic decline. Needless to say, at this stage, no one knows exactly what will happen.
But right now projections from various banks for UK economic growth in range from Its reputation rapidly gained ground thanks to a series of major scoops. The one Reuters journalists love to cite most was in when the company was first in Europe with news of US President Lincoln's assassination. Advances in overland telegraphs and undersea cables allowed the news wire to expand into the far east in and South America in In Reuters started transmitting messages electrically to London newspapers and in it pioneered the use of radio to transmit news internationally.
The firm has always been fiercely independent and has clear principles for all its reporters across text and television on objective reporting. However, during both world wars, it came under pressure from the British government to serve national interests.
0コメント