Good News: Thomson Reuters Net Jumps 51%
Surprising Wall Street, Thomson Reuters fourth-quarter net income swelled 51% on increased revenue and strength at its professional and legal businesses. The company posted net income of $657 million, or 79 cents a share, up from $ 434 million, or 67 cents a share, a year earlier.
Thomson Reuters' markets division has been a concern for investors as the financial industry reels from the collapse of major investment banks. But CEO Thomas Glocer says the company was able to accelerate the integration of Reuters and increase its savings.
About 60% of Thomson Reuters' revenue comes from its financial information services unit, including the newly acquired Reuters news service. The rest is generated from tax and accounting, legal and scientific and healthcare sectors.
Recent Around the Net In Media Articles
-
Cable Network Name Changes Could Mean Drama for Pay-TV Operators May 22, 4:38 p.m.
Cable networks are changing their names in an effort to grab more viewers and advertising dollars. ... -
ESPN Layoffs Could Number 300-Plus May 22, 4:38 p.m.
ESPN is axing a single-digit percentage of its global workforce, a move that could pink-slip 300-plus ... -
CBS Nets Tony Awards Through 2018 May 22, 11:51 a.m.
CBS has reached a new broadcast agreement with the Broadway League and the American Theatre Wing ... -
TV Networks Concerned Over Nontraditional Competition May 21, 5:09 p.m.
The day has come when TV networks not only have to compete with fellow networks with ... -
New Media Replaces Old In New York's Times Square May 21, 5:09 p.m.
Yahoo, the giant Web company that agreed on Sunday to buy Tumblr for $1.1 billion, is moving ... -
A First: Pay TV Loses Subscribers May 21, 8:14 a.m.
Video subscriber gains in the first quarter of 2013 by top U.S. service providers were not ... -
In Address, 'N.Y. Times' CEO Hails Paywall Advance May 20, 3 p.m.
In a commencement address to business students at Columbia University, New York Times CEO Mark Thompson ... -
Amazon Changes Media Agencies May 20, 3 p.m.
Amazon awarded IPG’s Initiative its global media account, following a review. WPP’s Mindshare previously handled the ... -
Cable Increases VIewership Cross-Platform May 20, 10 a.m.
Tthe Cabletelevision Advertising Bureau reports increases in consumption of cable content and brands across multiple screens. ... -
Layoffs at BBDO, GSP May 17, 2:24 p.m.
Following the loss of substantial accounts, like Gillette and Chevrolet, BBDO and Goodby, Silverstein & Partners ...
Be the first to comment on "Good News: Thomson Reuters Net Jumps 51% "
Leave a Comment