Sunday, November 18, 2018

Reuters merging still pix and video news

Reuters is hastening the merger of news pictures and video news into a single team of visual journalists, with an unspecified implication that jobs across the combined operation will be cut.
The accelerated changes follow last month's spin-off of a majority stake in Thomson Reuters financial and risk business, now controlled by private equity investors and rebranded Refinitiv.
Reuters remains part of Thomson Reuters but is being re-organised as a stand-alone business. Its largest client is Refinitiv, which has agreed to pay Reuters at least $325 million a year for news coverage over the next 30 years.
Redundancies in Reuters reporting bureaus around the world have already begun and local language services are being cut back.
A news pictures staff member, who asked not to be identified, said: “This is essentially the end of Reuters Pictures, going down the tubes in a very sad way."

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