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When Belo Announced That 111 Employees At The Dallas Morning News Had Accepted Buyouts The Reuters Story Was Not Written in Dallas, Nor New York, But Rather In Bangalore, India. Bangalore, India?
Philip Stone September 18, 2006
Even though Reuters has 350 journalists in the US, it is not enough to report all the financial news that originates there every day. Yet Reuters’ US-based journalists are among the industry’s highest paid, so it’s an expensive proposition to add staff to handle the rewrites of news releases from the multitude of mid and small-capitalized companies. Simple solution: hire 100 journalists where it is not so expensive to handle the overload and with modern-day communications there’s no reason why they really need to be in the US.

 

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