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'Journalistic excellence paramount' in the new Reuters

Journalistic excellence remains paramount in the new Reuters unveiled on Wednesday, editor-in-chief Stephen Adler said, "and we will continue to innovate in news gathering, news delivery, and customer service to extend the power, usability, and appeal of news for current and potential customers".

The re-organisation, which sees the editorial and media departments merged as one business unit on 1 January under Adler’s direction, “is designed to enhance the creation and marketing of world-class journalism that targets our customers’ needs and fully complies with the Thomson Reuters Trust Principles,” he said in a message to staff.

“With our editorial and Media-business operations combined, our goals will be to provide ever-greater value to Financial & Risk and our other professional businesses, to bolster our powerful global brand and to increase revenue from our News Agency and direct-to-consumer products.”

Adler said news independence is inviolate under the new structure “and as editor-in-chief I will stay firmly committed to integrity, independence, and freedom from bias — values that the Trust Principles require and that Thomson Reuters enthusiastically endorses”.

A new feature of the integrated Reuters will be the role of a chief commercial officer, yet to be appointed, who will guide the commercial arm of the entire Reuters operation working closely with people in the financial & risk division and Thomson Reuters’ other businesses.

Among positions reporting to the CCO on the organisation chart, below, will be:

  • Managing director, news agency – Steven Schwartz, currently global head, media strategy, marketing and business development
  • Global head, commercial news strategy for financial & risk – Andrew Meagher, currently head of editorial assets at Thomson Reuters global resources.

They will report to Adler until a CCO is found. Also reporting to Adler in the new structure are:

  • Managing editor – Paul Ingrassia, currently deputy editor-in-chief, who will take on expanded duties to be announced after 1 January
  • Chief operation officer – Stuart Karle, the incumbent, who will also assume additional responsibilities to be announced in early January
  • Managing director and editor, consumer news – Chrystia Freeland, currently editor, Thomson Reuters digital. She will be responsible for editorial, product, sales and design of digital and mobile news properties, all of which will be re-launched in 2013
  • Chief financial officer – to be announced soon
  • Global head, human resources – Sara Birmingham, the incumbent
  • Global head, communications – Barb Burg, the incumbent
  • Global head, ethics and standards – Alix Freedman, who had editorial responsibility for ethics and standards in the previous structure.