• Bloomberg, Monday, July 28, 2008 10 AM

The news and data company Thomson Reuters is planning to start a television news channel that will run on a cable or digital platform and the Internet as early as January 2009. The new channel would compete directly with Bloomberg and CNBC.

Late last week, the company opened a television studio in its New York newsroom in preparation for the push into the TV business news business.

In May, Thomson announced it would eliminate about 140 existing news positions and add about 50 jobs for upcoming projects that closely integrate its news, video and picture operations.

Read the whole story at Bloomberg »