Reuters is a globally renowned news and information company headquartered in London, with its parent company being Thomson Reuters Corporation. Reuters provides multimedia content, including news reports, analysis, commentary, and images, serving various media and enterprises worldwide. The company was founded in 1851 by Paul Julius Reuter.
Business Content
Reuters' business areas include news communication, financial and risk, legal, and tax and accounting.
In the news communication sector, Reuters offers a variety of news reports, analysis, commentary, and images as multimedia content, serving various global media and enterprises.
In the financial and risk sector, the company provides financial market data, trading platforms, analytical tools, and risk management solutions, serving financial institutions, governments, and enterprises.
In the legal sector, Reuters provides legal information, technology, and services for lawyers, judges, governments, and enterprises. In the tax and accounting sector, the company offers tax and accounting information, technology, and services for accountants, tax advisors, governments, and enterprises.
Development History
Initially, Reuters was founded in Aachen, Germany, using carrier pigeons to relay stock prices. It later moved to London, UK, in 1851 and signed with the London Stock Exchange to provide continental European stock market data, transmitted through undersea cables and telegraph lines.
Over time, Reuters expanded the scope and speed of its news coverage. In 1865, Reuters was the first in Europe to report the assassination of U.S. President Abraham Lincoln, enhancing the company's reputation. That same year, Reuter expanded his private communication agency into a large company, known as Reuters Telegraph Company. In 1916, the company was reorganized into Reuters Limited. In 1923, Reuters pioneered the use of radio to transmit news internationally.
In 1984, Reuters became a publicly listed company on the London Stock Exchange and NASDAQ. Following this, the company engaged in various mergers and acquisitions, covering television, finance, technology, and more.
On May 15, 2007, Canada's Thomson Corporation and Reuters Group announced a merger agreement valued at $17.2 billion. Thomson Corporation controlled about 53% of the new company's shares, named Thomson Reuters.
Corporate Honors
In addition to business expansion success, Reuters has received several honors.
In 2020, the company won the Pulitzer Prize for "Breaking News Reporting" and "Commentary."
In 2019, the company won the Pulitzer Prize for "International Reporting" and "Breaking News Photography," as well as the International News Photography Association's "First Place in Environmental Single Image" and "Second Place in Sports Series."
In 2018, Reuters received the Pulitzer Prize for "Feature Photography" and the British Press Photographers' Association awards for "News and Sports Images."
Recent News
In its business developments, Reuters has also implemented several changes. On November 9, 2014, the company announced the closure of the news comments section on its website, encouraging readers to comment on Facebook or online forums. Furthermore, on April 15, 2021, Reuters announced the introduction of a paywall model on its news website, allowing readers to view five articles per month for free, after which they must become members to continue reading, with a membership fee of $34.99 per month.
