|legal form||Public Limited Company|
|resolution||April 17, 2008 (incorporated into Thomson Reuters )|
|Seat||London , UK|
Reuters was an international news agency headquartered in London and most recently the largest of its kind in the world. Its focus was on economic issues, but from 1949 onwards, like the German Press Agency or the Associated Press , it also sold other news items. After being acquired by and merged with the Canadian Thomson Group , the company has been called Thomson Reuters since April 17, 2008 and is headquartered in New York City .
The news office was founded in Aachen in 1849 by the banker Paul Julius Freiherr von Reuter , actually Israel Beer Josaphat ; from there he transmitted share data to Brussels with letter pigeons . When a telegraph connection was set up between the two cities, Reuter stopped the "flight service". After emigrating to London , he set up another company in 1851 to transmit stock exchange prices to Paris via the submarine cable between Dover and Calais . According to a cartel agreement with Bernhard Wolff , Reuter withdrew from the German news market in 1870.
Reuters had the following five divisions:
- Institutional Sales & Trading
- Asset Management & Research
- Trade & Risk Management
90% of sales were generated with stock market and economic information.
Reuters also supplied television stations with images and sounds on current world events. Material on the subjects of politics, sport and entertainment was distributed on its own encrypted satellite channels. Reuters had a worldwide network of video reporters and partners so that the images could be broadcast in no time.
1994 acquired Reuters from Citicorp which Quotron Systems Inc. , which system and screens ready made for stock market information. From 1994 to 2002 Reuters also operated the business broadcaster Reuters Financial Television , whose programs were produced in London, Tokyo and New York City .
At the beginning of August 2006 it became known that the Reuters agency had ended its long-term collaboration with the Lebanese photographer Adnan Hajj , because these pictures, with which the Israeli attacks on Lebanon were to be documented, were inserted by inserting additional image elements (clouds of smoke, infrared emitted by an Israeli plane - decoy ) had manipulated. Reuters withdrew 920 photos of this photographer from their database.
The Thomson Group announced in May 2007 its intention to acquire Reuters. The purchase price should be the equivalent of EUR 12.9 billion.
The Lipper, Inc. , a provider of fund information and analysis tools, is a subsidiary of Reuters.
Main competitors in the field of information products for financial services providers were the companies Bloomberg , Telekurs and Thomson Financial , a main company of The Thomson Corporation . In the media sector, the most important competitors are Associated Press , Agence France-Presse , Dow Jones and Bloomberg News , and in the Federal Republic of Germany also the German Press Agency . Reuters had over 327,000 professional users.
- Donald Read: The Power of News. The History of Reuters. 1849-1989. Oxford et al. a. 1992.
- Reuters, Germany
- Reuters, Great Britain (English)
- Literature on Reuters in the catalog of the German National Library