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Editor’s Note: Encyclo has not been regularly updated since August 2014, so information posted here is likely to be out of date and may be no longer accurate. It’s best used as a snapshot of the media landscape at that point in time.

is an international financial information provider and news wire service. Reuters is the media division of the Canadian information company .

Reuters was founded in 1851 and owned by the Reuters Company until its . Reuters is headquartered in London, though Thomson Reuters has headquarters in New York City.

Reuters is one of the world’s largest news organizations, but its news operation is only a of Thomson Reuters. , only 2,500 of the two companies’ combined 50,000 employees worked in Reuters’ news wire or other media businesses. (By April 2012, Reuters was to have 3,000 news employees, though it it would cut 5% of its staff in 2013.) Since the 1970s and ’80s, Reuters has and toward specialized financial information.

The majority of Reuters’ revenue — , according to one April 2012 report — comes from subscription-based financial intelligence services, and the company also runs subscription-based . All of its editorial content is .

Reuters has into the blogging company Pluck, with the political news website Politico, and the financial commentary startup Breakingviews.

In late 2010, Reuters a U.S. news service called Reuters America, which is aimed at competing with the Associated Press for contracts with U.S. newspapers. As of June 2011, it had contracts with about a dozen American newspapers. Reuters also runs a .

Though Reuters once to its online business stories, it has expressed more support for open-web practices since then. Reuters Media President Chris Ahearn has advocated , , and across the web. In 2006, the company to the citizen-journalism project .

Reuters has also tried several projects in participatory journalism. In 2006, it launched a called You Witness News with Yahoo. In 2008, Reuters opened up a application called that .

In December 2009, Reuters for a website redesign that would include a $1 billion investment into multimedia data and journalism. The company has also launched a and plans to add some “” to its website. The site planned a consumer-oriented redesign again in 2012 and 2013, planning a site overhaul called Next. The project was shut down in September 2013, and Reuters it would continue to build its plans around its current website.

The company has also invested in investigative journalism. In September 2009, Reuters hired the veteran business journalist to become , putting a premium on longform investigative projects, . (Impoco has since been to the executive editorship of Thomson Reuters Digital, and is by former Wall Street Journal editor Michael Williams.) In May 2011, Reuters with the Investigative News Network as a way to expand its investigative offerings.

In early 2010, a year after Reuters editor-in-chief David Schlesinger and noted that his breaking-news tweets were occasionally beating Reuters’ news wire, Reuters issued a set of that included the admonition, “Don’t scoop the wire.” Some advocates for openness , saying they attempted to exert too much control over Reuters’ journalists.

In 2012, Reuters launched a social media aggregation tool called Reuters Social Pulse.

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Primary author: Mark Coddington. Main text last updated: October 3, 2013.
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