Thomson Reuters completes acquisition of Breakingviews
Tuesday 1 December 2009
Thomson Reuters said on Tuesday it had completed its acquisition of Breakingviews, a leading provider of online financial insight, positioning the newly combined commentary organisation as the global leader in point-of-view journalism for financial markets.
The output of the combined team of Reuters’ original commentary writers and the Breakingviews people will be known as Reuters Breakingviews to make a clear distinction between the news service and commentary offerings.
"A fundamental plank of our Editorial strategy for making Reuters the indispensable news service for the 21st century is to expand our traditional fact-based news coverage to also offer agenda-setting point-of-view journalism. I am confident we will build upon reputation and expertise from both Reuters and Breakingviews and leverage the expertise of the combined organization," said David Schlesinger, editor-in-chief.
The Reuters Breakingviews attribution will designate the commentary and opinion of the named authors, while Reuters will designate the expert sourced news and analysis that has moved markets and provided insight for more than 150 years.
Reuters Breakingviews has about 30 columnists based in London, New York, Hong Kong, Paris, Washington, Moscow and Madrid, with immediate plans for expanded coverage in the Gulf, Japan, Germany and India.
The newly combined service is available on all Thomson Reuters desktops with selected commentaries appearing on reuters.com. Reuters Breakingviews also reaches a broader audience of nearly 4.5 million investors and opinion formers via daily columns in many of the world's most influential newspapers, including The New York Times, Le Monde, The Daily Telegraph and the International Herald Tribune.
Hugo Dixon, editor, Reuters Breakingviews, who will be running the combined commentary team, said: "The enlarged team will have global reach, allowing us to react more rapidly to breaking news and cover more stories. We will also now be able to reach hundreds of thousands more influential readers through Thomson Reuters desktops."
Breakingviews was founded in 1999 to provide online financial commentary aimed at a professional audience. It is one of a handful of journalism websites to have successfully introduced a subscription model. The company also has a thriving syndication business. ■