We and others reported Monday night that our parent company Thomson Reuters Corp is starting a U.S. general news service for U.S. publishers and broadcasters. Though my employer, Reuters News, has been providing general and business/financial/economic news for more than a century, we didn’t have a service before that would rely on a big group of hired journalists and stringers to get busy covering U.S. news in a large way.
You can see our story here, as well as the Financial Times, Wall Street Journal and paidContent.org stories, for more information. One of the interesting aspects that we didn’t get into in our story is one of the reasons that Tribune Co, Reuters America’s first client, decided to work with our parent company.
Here’s Russell Adams’s explanation, taken from The Wall Street Journal:
In a cost-cutting move this past spring, Tribune began producing modules, or ready-made pages, that are filled with news from wires services and its various properties, and printed in multiple papers. Gerould Kern, editor of the Chicago Tribune, said Tribune expects to begin selling the pages to other publishing companies—something Reuters was open to.
“Clients want to be a syndicator of our content,” said Chris Ahearn, president of media for Thomson Reuters.