Reuters To Hire 120 To Run New On-Demand Video Service

Reuters reports that parent company Thomson Reuters is launching a new on-demand video service for banks, investors, and other financial professionals—YouTube for Wall Street. The videos will be provided by Reuters journalists and third party sites like,, and ForexTV. The content will be available on a subscription basis and not supported by advertising, and Reuters is bringing on 120 staff to run it.

This announcement appears to be a retread of the company’s July 2008 announcement that “Thomson Reuters is preparing to launch a business television news channel to rival that of Bloomberg and CNBC,” according to the London Daily Telegraph. Seven scant months ago, the company hoped to have its content online as well as on cable, and was planning to launch in January of this year.

The new plan is that the Internet-only channel launches in June 2009, and no jobs appear to have been posted on Reuters’ careers page yet, but if you’re into video production or the technical side of streaming media, this is a site to watch.