Reuters

Definition

Reuters is a global news organization that provides breaking news, business, financial information, and various multimedia content. As a major player in the news wire service industry, Reuters connects news agencies, media outlets, and businesses with timely and accurate information, facilitating the distribution of syndicated content across different platforms.

5 Must Know Facts For Your Next Test

1. Founded in 1851, Reuters was initially established as a commercial wire service that delivered stock market quotes between London and Paris.
2. Reuters is known for its commitment to impartial reporting and has a strict code of ethics aimed at ensuring accuracy and fairness in journalism.
3. The organization has a vast network of correspondents and reporters stationed around the world, allowing it to provide real-time coverage of global events.
4. In addition to news articles, Reuters also offers services like financial data, analytics, and multimedia content tailored for businesses and financial professionals.
5. Reuters was acquired by Thomson Corporation in 2008, forming Thomson Reuters, which further expanded its reach in legal, financial, and media sectors.

Review Questions

• How does Reuters contribute to the distribution of news across various media outlets?
  • Reuters plays a crucial role in the distribution of news by acting as a news wire service that provides timely updates to numerous media outlets. This allows local and international publications to access breaking news without needing their own correspondents everywhere. The ability to syndicate content means that even smaller media organizations can deliver high-quality news to their audiences by relying on Reuters' reporting.
• Discuss the ethical standards upheld by Reuters in its reporting and how these standards impact its credibility.
  • Reuters maintains a strict code of ethics that emphasizes impartiality, accuracy, and fairness in its reporting. This commitment to ethical journalism enhances its credibility as a reliable source of information for media outlets and the public. By adhering to these standards, Reuters ensures that its content is trustworthy, which helps build long-term relationships with clients who rely on their services for accurate reporting.
• Evaluate the impact of Reuters' acquisition by Thomson Corporation on its operations and service offerings in the news industry.
  • The acquisition of Reuters by Thomson Corporation in 2008 had a significant impact on its operations by integrating financial data services with traditional news reporting. This merger allowed Reuters to expand its offerings beyond just news articles to include financial analytics and business intelligence solutions tailored for various industries. As a result, it positioned Reuters not only as a leading news provider but also as an essential resource for financial professionals seeking real-time data alongside journalistic coverage.

Related terms

News Wire: A service that distributes news stories and information to various media outlets, allowing them to publish timely updates without having to cover events directly.

Syndicated Content: Content that is produced by one source and made available for use by multiple media outlets, enhancing the reach of news coverage.

Associated Press (AP): A nonprofit news cooperative that provides news stories and information to its member newspapers and broadcasters, similar to Reuters in function.