Article

2003-02-18

Reuters "posts loss", plans to cut 3,000 "jobs"

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Posted by Fred Pruitt 2003-02-18 11:42 am|| || Front Page|| [1 views since 2007-05-07] Top

#1 The thing is, if they dump Instinet, they'll return to profitability. If it wasn't for the Instinet charges, today's Wall St. Journal says they would have made $80-110 million, so we'll never get rid of them.

Posted by Raj 2003-02-18 12:16:04|| [angrycyclist.blogspot.com/] 2003-02-18 12:16:04|| Front Page Top

#2 My crocodile tear duct just opened back up. Couldn't happen to a nicer management team.

Posted by Alaska Paul 2003-02-18 12:48:45|| 2003-02-18 12:48:45|| Front Page Top

#3 The CEO used to be a NY M&A lawyer. The COO worked at DHL (very useful experience, eh?), the CFO worked at a magazine publisher (no, not thatsort of magazines).
Now we hear that a certain Mr Devin Wenig anotherNY M&A lawyer by training is to head all the product divisions.
Give it back to the Oxbridge journalists to run. They did a pretty good job until the new mob arrived!

Posted by gonzo 2003-02-18 15:55:19|| 2003-02-18 15:55:19|| Front Page Top

#4 Perhaps the worst "news" service of all time gets a kick in the butt...they're cheap, and they get the kind of quality journalism you'd expect from stringers who make about 2 cents a word. They'll be bought out or go under in a year.

Posted by R. McLeod 2003-02-19 03:50:16|| 2003-02-19 03:50:16|| Front Page Top

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