Yes, this is old news, but it’s good to see change at Reuters. As a Reuters shareholder, I am delighted at the cost cuts at this money-losing division. As a private citizen, I am happy to hear that an American has been appointed head honcho of the Reuters news division.
Reuters Group PLC is shaking up its editorial department, The Financial Times reports on its Web site Monday. According to the report, the global head of news, Stephen Jukes, is leaving effective immediately, and more than a dozen other editors and managers will lose their jobs or be redeployed.
| Or in Rooters style, "more than a dozen other 'editors' and 'managers' will 'lose their jobs'"... |
Reuters declined to comment on the cost or the exact number of redundancies. The changes follow a decision to integrate management of news and data services, according to the report. David Schlesinger, the head of North American editorial operations, will become head of news, and the management structure beneath him will be simplified, the report said. |