5.16.2007

Thompson-Reuters...When Companies Merge

Today Reuters (One of my favorite news sources) has agreed to be bought out by Thompson to create the world's largest financial news provider, just ahead of Bloomberg. This $17.6 billion dollar transaction has caused a few ruffled feathers. However, the deal makers think this will help "leverage economies of scale". I see two sides of this.

- The first perspective is that jobs will be cut due to redundancies and a large corporate environment harming journalistic integrity.

- The other perspective is a larger company will allow more depth and analysis in its stories, be more far reaching (and make more money for the shareholders).

I'm pretty interested to see how this turns out in the long run. I've always liked Reuters, as I've felt that out of the major news agencies they stick to the facts the most. Definitely more so that CNN or FOX. Thompson sticks mainly to the financial facts so there isn't that much room for commentary there. Overall, I think that Reuters will act as a mouthpiece for additional Thompson data and news. I do believe that since many of the financial news services pull from very similar sources not that much will change. That will remain to be seen in the upcoming months.

What do you think? If you use Reuters or Thompson do you think this will change anything?

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