The reinvigorated wire service goes public, reaping a fortune
Owning stock in Reuters, the London-based international news wire, used to be considered less an asset than a potential liability for the British and Commonwealth newspapers that hold most of the shares: the company sometimes lost money and paid no dividend for more than 40 years. Proprietors of defunct journals treated their residual interest in Reuters as worthless, omitting mention of the stock in their wills. Sellers of papers regarded their percentage of Reuters as at most an incidental value. This week, however, Reuters for the first time will offer shares to the...
To continue reading:
or
Log-In
