Reuters Grows Up, Again
R euters appears to be on the verge of merging with Thomson, a deal that would create a financial news and information powerhouse to rival Bloomberg by reducing the field to two major players. It should also enhance the profile of Reuters editorial, which for all the time I was part of it looked over its shoulder to protect itself not so much from external threats but powerful insiders who questioned its relevance far too often for comfort. The proposed deal as outlined by Reuters CEO Tom Glocer would be a bit complicated; the companies would tie up as a "Dual Listed Company" with two identical boards, and each would remain separately listed on exchanges. The company would be called "Thomson-Reuters" but the combined news gathering and publication divisions would be called "Reuters." The Trust Principles and the Reuters Founders Share Company , which aim to ensure editorial independence, would be retained. Glocer said he would become the CEO of the merge...