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Posts Tagged ‘Reuters’

Reuters Reporter Gathers More Info About Chinese NYT Suitor

ChenGuangbiaoHeadshotWhether or not Chen Guangbiao‘s efforts to become a major stakeholder of the New York Times succeed, there’s no doubt that his life story is a remarkable rags-to-riches tale. Before making his fortune with Jiangsu Huangpu Recycling Resources, a company that salvages the remains of torn-down buildings, Guangbiao overcame some tough odds. From the latest report by Reuters reporter Megha Rajagopalan, who spoke to the tycoon today:

“His home village was a very poor place, and they suffered a lot when he was young,” said Hu Xi, a college student and family friend. “His neighbours, who saw him grow up, believe his persona is completely genuine.”

Two of his siblings starved to death when he was four. Chen completed high school, working during the summers to pay his tuition, and went on to study Chinese medicine in the provincial capital before starting down the path of entrepreneurship.

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Chinese Tycoon Wants to Buy the New York Times

Talk about ending the year with a bang. Megha Rajagopalan, a politics and general news correspondent for Reuters in Beijing, just tweeted the following. A mega pick-up by Megha, as it were:

MeghaTweet

According to her piece and other Chinese media reports, colorful recycling magnate turned philanthropist Chen Guangbiao has been thinking about buying the New York Times for the past couple of years and is finally set to move on his grandiose plan. He says he will meet in New York on January 5 with one of the paper’s major shareholders:

“There’s nothing that can’t be bought for the right price,” Chen told Reuters.

It is unlikely that the Times, which has long been controlled by the Ochs-Sulzberger family, would sell to Chen.

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Tim Dobbyn Departs Reuters

imagesTim Dobbyn, a 26-year veteran of Reuters, is leaving the company. Talking Biz News reports that Dobbyn has accepted a buyout offer.

Dobbyn has been with Reuters since 1987. During his time with the company, he served as editor in charge of financial news and editor of the Washington desk.

Before joining Reuters, Dobbyn worked for Australian Associated Press, from 1980 to 1987.

Reuters Picks Best Photos of 2013

Reuters has gathered 93 of their best photographs from the past year, and it’s well worth your time to browse them all. Thankfully, there is not one selfie among them.

[Image: Kevin Lamarque/Reuters]

Kenneth Li Departs Reuters

Kenneth Li is leaving Reuters. Li had been with the company since 2003. In a tweet, Li didn’t offer much insight into what lies ahead. “Thanks dudes,” Li wrote. “Working on something hot/cool. Or whatever the millennials call it these days.”

Li most recently served as editor-at-large for Reuters. Prior to that he was global editor. Previously he covered media and technology for the site.

Li has also spent time at the New York Daily News, the Industry Standard and TheStreet.com.

Stuart Karle to Leave Reuters

Thomson ReutersStuart Karle, Reuters’ chief operating officer, is leaving at the end of the year, and his role will be eliminated. The New York Observer reports that the move was announced in memo from Reuters’ CEO Andrew Rashbass:

Stuart Karle has played an important role in creating the organisation we are today. However, my being here, the strong GM team that Stuart put in place, much tighter coordination with other business units, and finance, HR and legal being well covered, mean there is no longer a role for a chief operating officer and Stuart will be leaving at the end of the year.

Karle came to Reuters in 2011. He previously worked as general counsel for The Wall Street Journal, a role he held for 16 years.

Jim Roberts on Why He Joined Mashable

MashableLogoAt the top of Jim Roberts‘ big mashable.com announcement, the recent Reuters digital recruit writes:

To some it might seem a bit of a departure. You might imagine a headline like: “Longtime New York Times and Reuters veteran forsakes legacy media for digital upstart.”

Perhaps, but only from an old-guard union employee manning a chugging printing press. For the rest of us, the more accurate headline is something like, “Jim Roberts Rises from the Ashes of Next to Join One of Next Big Things.” Mashable is already big, of course, but Roberts writes that he sees tremendous growth potential, especially in the area of video journalism.

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Morning Media Newsfeed: Reuters to Cut 3,000 Jobs | NY Post Goes to Trial | NYT Ad Woes

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Thomson Reuters Beats Wall Street’s Expectations, Plans to Cut 3,000 Positions (JimRomenesko.com)
Thomson Reuters on Tuesday reported a third-quarter profit of 48 cents per share, beating Wall Street expectations by 4 cents. “Our Financial business achieved positive net sales for the first time in more than two years,” CEO Jim Smith tells employees. He adds in his memo: “We will eliminate approximately 3,000 positions as we continue to reduce product and operational complexity across our company.” WSJ The cuts, equivalent to about 5 percent of Thomson Reuters’ workforce of about 60,000, were disclosed on the same day that the financial data and news firm reported a 38 percent drop in third-quarter earnings, due to weaker revenue. The Guardian The news and information company said most of the jobs would be lost from its financial and risk arm, which sells data terminals and other services to investment banks and brokers. The losses are on top of 1,000 cuts announced earlier this year. Including staff leaving and sales of businesses the company’s workforce will shrink by 5,500, or 9 percent, from the start of the year. The Globe & Mail “I think everybody in the world is trying to do more with less,” Smith said. “I don’t think the pressure on costs and keeping them under control is going to lessen. That said, what I hope is this strategy gives us a more predictable path in the future.”

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Norah O’Donnell: ‘Those Tapes Will Never See the Light of Day’

NorahODonnellCBSCBS This Morning co-host Norah O’Donnell made headlines this week thanks to a rare interview with His Holiness, the Dalai Lama. But she was also part of a fun little item by Reuters NYC correspondent Chris Taylor.

Taylor, after recently asking some finance gurus about their first jobs, decided to pose the same question to high-profile journalists. O’Donnell’s answer is hard to beat. At age 10, with her father stationed with the military in Seoul, South Korea, she agreed to help create some English-language learning tapes to help her fellow students meet a middle school requirement:

“That rolled into doing a TV program for the Korean equivalent of PBS. It was 30 minutes every week, I sat in the middle of a Korean woman and an American guy, and we would do little skits in English and Korean.”

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Morning Media Newsfeed: Third AP Employee Fired | Globe Sale Halted | More Reuters Staff Bolt


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AP Fires Third Employee Over Terry McAuliffe Mistake, Guild ‘Alarmed’ (HuffPost / The Backstory)
The guild that represents employees of The Associated Press responded Tuesday to the recent firing of journalists involved in a retracted story about Virginia gubernatorial candidate Terry McAuliffe, saying the employees’ rights were violated. “The firings have alarmed AP employees nationwide, and the News Media Guild will vigorously enforce the contractual rights of the employees it represents,” Guild president Martha Waggoner told The Huffington Post in a statement. Politico / Dylan Byers on Media Norman Gomlak, an editor in The Associated Press’ Atlanta bureau, was among those fired in the wake of an erroneous report about Virginia gubernatorial candidate Terry McAuliffe, Politico has learned. Gomlak was involved in editing Bob Lewis’ report on McAuliffe on the night of Oct. 9 along with Lewis’ editor, Dena Potter. Lewis, Potter and Gomlak were fired on Monday. The Washington Post Lewis makes no excuses about the mess-up. But, he said Tuesday, he feels “stunned and hurt” by his firing after 28 years of “unblemished” service to the AP. “I still can’t really wrap my head around it,” he said by phone from Richmond. “The only blessing out of this has been the expressions of support” from friends, colleagues and many of the officials he has covered over his career, including Virginia’s two senators and former governors, Timothy M. Kaine (D) and Mark R. Warner (D), and the state’s current governor, Robert F. McDonnell (R). JimRomenesko.com News Media Guild members are asking colleagues to sign a petition protesting the dismissals of Associated Press journalists who were involved in the retracted story about McAuliffe. Poynter / Regret The Error Based on close to a decade of tracking media errors, my (admittedly anecdotal) view is that you’re more likely to keep your job after an error if: The mistake in question was not a willful attempt to mislead, a significant conflict of interest that was deliberately concealed, or a breach of ethical standards related to plagiarism and fabrication. The reporter has been with the organization for a long time, is not a contractor, and previously avoided other major mistakes. The reporter is well respected by colleagues internally and externally. The organization is not sued as a result of the error. The error doesn’t get too much media attention. By my count, Lewis ticks every box except for the last one: This error got a lot of attention.

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