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Revolving Door Newsletter: 10.04.13

CBS Extends Letterman's Contract; Cuts Coming to Reuters

October 4, 2013
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Reuters will chop five percent of its staff across the board. That's about 150 jobs in the newsroom. According to the New York Observer, "the cuts will be broadly distributed across the globe and across all levels of the news agency, including managers." In a video, the company's CEO Jim Smith said there will be further review of the business units with an eye toward aligning "resources behind our most promising growth opportunities." The company, which recently canceled the ambitious Reuters Next project, plans to expand further into ...

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