Refin is paying $325m a year for news they can't monetize. Surely there's a catch?
7 replies (most recent on top)
Truth is neither Refin nor TR really wants Reuters. Costs have been uncontrollable, there's no differentiator in the segment that actually makes money, and the margins are laughable.
The problem is, who would want to buy this money-losing pit?
no bias here - https://www.washingtonexaminer.com/news/reuters-held-story-about-beto-orourke-until-after-senate-race
Newswise, Reuters is being slaughtered by Bloomberg and niche providers as we speak. The arrogance/complacency of our esteemed Reuters editors is breathtaking.
To be fair some of their political exposes are of value in the award circuit. But anything they put out pertaining to bankers, wealth managers, traders etc is close to irrelevant.
Couldn't agree more. People pay for scoops not features. How convenient to settle for beautiful features after you missed the actual news.
Indeed. When was the last time they broke significant financial/corporate news?
Writing a 'feature' weeks after the fact is pointless. The obsession with form rather than substance just shows how out of touch they are.
$325M a year for news that's close to zero value. Biggest joke ever!