Reuters Slashes Product Lines as Losses Mount
ORGANIZATION AND MANAGEMENT
LONDON--Reuters, which last week shocked the market with higher than expected losses, took the opportunity to reveal that it is slashing its product and service lines by approximately half while developing a new IP-based platform.
At the company’s second quarter results call last Tuesday, July 23, Reuters posted a pre-tax loss of £88 million ($140 million) and declared that it is withdrawing more than 500 products and services out of approximately 1,000 offerings. The vast majority of them will
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