Description
Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world.
The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters.
History
21st century
Reuters' share price grew during the dotcom boom, then fell after the banking troubles in 2001. In 2002, Britannica wrote that most news throughout the world came from three major agencies: the Associated Press, Reuters, and Agence France-Presse.
Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc. Reuters was acquired by Thomson Corporation in Canada in 2008, forming Thomson Reuters. In 2009, Thomson Reuters withdrew from the LSE and the NASDAQ, instead listing its shares on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter, died at age 96 on 25 January 2009.[14] The parent company Thomson Reuters is headquartered in Toronto, and provides financial information to clients while also maintaining its traditional news-agency business.
In 2012, Thomson Reuters appointed Jim Smith as CEO. In July 2016, Thomson Reuters agreed to sell its intellectual property and science operation for $3.55 billion to private equity firms.[15] In October 2016, Thomson Reuters announced expansions and relocations to Toronto. As part of cuts and restructuring, in November 2016, Thomson Reuters Corp. eliminated 2,000 jobs worldwide out of its estimated 50,000 employees. On 15 March 2020, Steve Hasker was appointed president and CEO.
In April 2021, Reuters announced that its website would go behind a paywall, following rivals who have done the same.
