EOTO: Reuters

Reuters is a company owned by the Thomson Reuters Corporation with more than 25,000 employees worldwide. It is known for being a leader for news and journalistic integrity. It is the British "version" of the Associated Press.

Online News Association

Condensed Reuter's History Timeline

Link to Full Timeline

1850s- Paul Rulius Reuter founds a media company

• Reuter comes from Aachen to London to share about a news and stock price information service he has been running. He opens a London office in 1851

• His technologies he uses include telegraph cables and a fleet of carrier pigeons

1870s- West Publishing is founded

• Founded by John B. West and his brother Horatio in Minnesota

1890s- Roy Thomson is born

• Roy Thomson is the grandfather of the current Reuters chairman

National Portrait Gallery

Roy Thomson

1940s- The Reuters Trust Principles are born

• They are to safeguard independence
• A result of Reuters restructuring itself so that it is owned by the British National and Provincial Press, together with (in 1947) the Press Associations of Australia and New Zealand.

1950s- Thomson Newspapers grow in the UK

• Thomson acquires the Kemsley Group which owns other newspapers like the Sunday Times

1960s- The Times of London is acquired and merges with the Sunday Times

1970s- International Thomson Organisation Limited is formed

• Establishes headquarters in Toronto and two main operating subsidiaries in the UK and U.S.

1980s- Reuters becomes a publicly-quoted company

• Listed on the London Stock Exchange and NASDAQ as Reuters Holdings PLC

1990s- Reuters and Dow Jones partner to deliver business news services

2000s- Innovation continues and more work is done with foreign exchange

• The current chairman of Reuters is David Thomson

• The current president is Paul Bascobert

Breaking Down Reuters Trust Principles

Link to Principles

The Principles as They are Written by Reuters:

1. That Reuters shall at no time pass into the hands of any one interest, group, or faction;

2. That the integrity, independence, and freedom from bias of Thomson Reuters shall at all times be fully preserved;

3. That Reuters shall supply unbiased and reliable news services to newspapers, news agencies, broadcasters, and other media subscribers and to businesses, governments, institutions, individuals, and others with whom Reuters has or may have contracts;

4. That Thomson Reuters shall pay due regard to the many interests which it serves in addition to those of the media; and

5. That no effort shall be spared to expand, develop, and adapt the news and other services and products of Thomson Reuters so as to maintain its leading position in the international news and information business

World Atlas

Reuters Headquarters in London, UK

The Principles in My Own Words:

1. Prevents Reuters from only being operated by a single person or group. Reuters is committed to sharing all points of view.

2. Ensures that independence and freedom still remain a core value

3. Promises to share unbiased and accurate news

4. Will not only focus on the interests of the media but of the entire general public

5. Promises to adapt and change in order to remain a top news source

These are just some of the things that I learned through my research on Reuters. I am grateful I had the opportunity to study this powerful organization.