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 TheStreet.com, BreakingViews.com, 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
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