(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research) (TRI.TO: Quote, Profile, Research) said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.
The global news and information company’s stock rose more than 2 percent to hit a two-year high on optimism that the positive turn in net sales will translate into stronger revenue growth next year, since terminal subscriptions are signed on an annual basis. Thomson Reuters also announced a $1 billion (623 million pounds) share buyback program.
(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research, Stock Buzz) (TRI.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday that net sales in its financial business turned positive for the first time since 2011 and announced 3,000 job cuts aimed at streamlining the global news and information company.
Logging positive net sales is an important milestone for Thomson Reuters because it shows new sales outpaced cancellations in the Financial & Risk division, which serves banks and financial institutions. Since subscriptions are signed on an annual basis, net sales are a key indicator for future revenue.
Oct 24 (Reuters) – One in three Americans get news through
Facebook, according to a study from the Pew Research
Center released on Thursday.
Almost 80 percent of those surveyed happen upon news when
they are checking up on friends or sharing photos. Heavy news
consumers did not describe Facebook as an important source of
news, the study found.
(Reuters) – Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz), the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday because of a decline in advertising sales, mainly at its papers.
Publishing revenue fell to $858.1 million on a 6 percent slide in advertising revenue. Circulation revenue dipped 0.6 percent. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers.
Oct 21 (Reuters) – Gannett Co Inc, the largest U.S.
newspaper chain, reported a 4 percent drop in third-quarter
revenue on Monday because of a decline in advertising sales,
mainly at its papers.
Publishing revenue fell to $858.1 million on a 6 percent
slide in advertising revenue. Circulation revenue dipped 0.6
percent. Gannett, whose properties include USA Today, started
charging for digital content a year ago at its U.S. newspapers.
NEW YORK (Reuters) – Publishing and lifestyle company Rodale Inc has tapped former Dow Jones & Co executive Scott Schulman as its president, effective October 28.
Schulman will develop strategy to increase Rodale’s revenue, the company said in a press release on Tuesday. He will report to Maria Rodale, chairman and CEO, whose family has run the privately held company for three generations.
(Reuters) – Demand Media Inc Chairman and CEO Richard Rosenblatt is leaving the online content company he co-founded, its board announced on Monday.
The directors named Shawn Colo, who is also a co-founder, as the company’s interim president and chief executive. James Quandt, a board member, was named chairman.
NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with journalist Charlie Rose.
That same audience a year ago would have been grousing that Mayer had not done enough to engage Madison Avenue, which is arguably Yahoo’s most important constituent since the Internet company derives more than 75 percent of its revenue from ad sales.
Oct 9 (Reuters) – Comcast Corp announced on
Wednesday that it developed a new remote control feature in
partnership with Twitter that allows users to turn the channel
through a tweet.
The “See It” button enables viewers to tune in to a live or
On Demand show like Sunday Night Football or “The Voice” through
their set-top box or mobile device. In addition, the button will
let users program digital video recorders or to buy movie
tickets through Fandango.
(Reuters) – Goldman Sachs Group Inc, JPMorgan Chase & Co and six other banks have agreed to join a new instant messaging network from Markit and Thomson Reuters Corp to connect disparate messaging systems.
The network, called Markit Collaboration Services, was launched on Monday and allows members to chat with one another regardless of the proprietary messaging technology that each firm uses.