Profitability

Re Stephen Adler on Reuters’ new editorial strategy… - as Andrew Rashbass pointed out, we are a profitable news organization because we serve multiple customers and multiple customer groups. Our two biggest customer groups are financial and News Agency, and we wouldn’t be profitable without either one of them. So let’s remember, again, it’s our job not to focus just on one or the other but on both.”

So Rashbass has calculated Reuters news service is profitable. I wonder on what basis he reaches that conclusion.
Interesting that policy is now to focus on both markets. Not so long ago investment in Reuters news services was heavily biased towards financial. News agency was expected to get along somehow. A move in the right direction, in my view. It provides market focus. ■