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Business TV channel coming - report

Thomson Reuters is preparing to launch a business television news channel to rival those of Bloomberg and CNBC, The Daily Telegraph reported.

It will appear both on the Internet and some form of cable or digital platform. The launch could be as early as January but may be pushed back as the company is conscious of Reuters’ earlier unsuccessful foray into television, the UK newspaper said.

Thomson Reuters wants an extra avenue through which to channel content and raise revenues, The Daily Telegraph said.

“Going head-to-head with the other rolling business channels is a brave move by chief executive Tom Glocer, as it is an already crowded market,” it said.

The newspaper said the New York newsroom, which will act as the main studio for the channel, was opened yesterday by Devin Wenig, chief executive of the markets division.

It quoted David Schlesinger, editor-in-chief, as saying in an internal memorandum that the new newsroom was all about “multi-media opportunities”. ■

The Daily Telegraph