Reuters cuts

The trends Stephen Adler identifies as the future for Reuters [Reuters cuts around 5% across editorial] have been observable for years. Yes, news is shifting from West to East and tablets and video are vitally important. So why did he and his inner team emphasise New York over Europe and Asia, promote longer newspaper style articles and dramatically downsize video from Reuters Insider? His own words reveal how they have backed the wrong horse every time. How can they can they now credibly manage changes that completely contradict their earlier judgements? ■