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Reuters Next Canceled (NY Observer)
Reuters has decided to cancel Next, the consumer-facing website that had been in the works for more than two years, chief executive Andrew Rashbass announced Wednesday morning in a staff email. “Next is a long way from achieving either commercial viability or strategic success. In fact, I believe the existing suite of Reuters.com sites is a better starting point for where we need to go,” Rashbass wrote. TheWrap The wire service on Wednesday said it was losing new Reuters Digital executive editor Jim Roberts and design director Daniele Code, promoting Bill Riordan to publisher of Reuters.com and canceling its Next project after it failed to meet deadlines or stay within its budget. Roberts’ departure after just seven months is especially surprising — he left The New York Times after 26 years with the paper in January, taking a voluntary buyout. Shortly afterwards, he landed at Reuters as its site’s executive editor. FishbowlNY Roberts tweeted his departure, explaining “Yes, I’ll be leaving @Reuters, though not right away. & I’m not leaving news. Stay tuned.” BuzzFeed / Business Reuters insiders said Rashbass began asking skeptical questions about Next — which had at one point been slated to launch on the first of this year, and was nowhere near ready — as soon as he started. And many of the questions focused on how to make money off a venture that many inside saw as more about turning Reuters into a prestigious news brand than about generating cash flow. NYT Joshua Benton, director of the Nieman Journalism Lab at Harvard, said he was surprised by Reuters’s decision because the preview version of Next had been generating such interest. “There were a lot of really exciting ideas in Reuters’ Next,” he said. “What we saw in the preview was very forward-looking in terms of both content and technology. It generated a fair amount of excitement as a news organization doing something that looked digitally savvy.”
Posts Tagged ‘Next’
John M. Arthur says he’s not the new managing editor of the LA Times.
reports of my ascension are premature–and possibly fabricated
Or possibly not? Who’d dare to burn Rachel Sklar with a bad tip?
We’re at the edge of our seats. Is this gripping or what?
Next: What’s for lunch at the LAT cafeteria.